CBRE advised Corteva in the pre-lease of approximately 23,000 sqm of industrial space in a built-to-suit warehouse. The new project is located in the north-east of Bucharest and is developed by Lazar Real Estate, part of International Lazar group.
’’Our client, Corteva, needed a new warehouse to support their business strategy. After a detailed market research, CBRE identified the best suitable solution: a custom-built project designed for Corteva’s business characteristics and sustainability objectives, to be developed by Lazar Real Estate. This marks the largest new demand in the first quarter as 2021 started in a fast pace, with all the prerequisites to be an excellent year for the Romanian industrial market”, stated Tudor Iuga, Senior Consultant in the Industrial Services department of CBRE Romania, who represented Corteva in this deal.
The project will be delivered by the end of this year, with special technical specifications for agricultural seed depots, meaning lower height and controlled temperature of 10-12 degrees, but also humidity of 50 percent which involves excellent thermal insulation.
