The logistics sector of the local market is becoming increasingly attractive to large investment funds, and South Africans Fortress are eyeing Globalworth’s logistics portfolio in Romania, according to real estate market data.
If such a transaction were to take place, the value signed could be between EUR 250 and 300 million, given that on 31 December 2022 Globalworth’s portfolio, not including Mures City Logistics in Targu-Mures, was valued at EUR 253.8 million, according to the company’s report.
This would be the largest transaction ever signed in the local logistics and industrial sector. The previous record dates back to 2015, when P3 bought Europolis Park from CA Immo for EUR 120 million.
South Africa’s Fortress investment fund, which owns a 23 percent stake in NEPI-Rockcastle, made its entry into the local logistics market in 2021 by acquiring the new ELI Park 1 project near Bucharest from Element Industrial/Paval Holding in a deal worth around EUR 30 million.
