KINGSTONE and ADVENTRA Launch Infrastructure Investment Platform

KINGSTONE Investment Management is expanding beyond real estate into infrastructure through the establishment of KINGSTONE Infrastructure Investments, a joint venture with ADVENTRA Asset Management targeting institutional capital.

The new platform, known as KII, will develop and manage infrastructure investment vehicles focused on assets considered important to economic and societal resilience. Its target sectors include energy and heat supply, energy storage, mobility, digital infrastructure, security of supply, defence-related infrastructure and civil protection.

Germany will be the platform’s principal investment market, supplemented by Poland and the Netherlands, where the partners already have a local presence. KII will be led by Managing Directors Friedrich von Carlowitz, Karsten Mieth and Maximilian Radert.

“Alongside real estate, infrastructure is becoming an increasingly important asset class for many institutional investors. We are responding to this shift and believe that it presents significant opportunities for our firm,” said Dr Tim Schomberg, CEO and founder of KINGSTONE Investment Management. “Establishing a dedicated infrastructure business is therefore the logical next step for KINGSTONE.”

The launch broadens KINGSTONE’s investment management activities at a time when European infrastructure requirements are increasing across energy systems, digital networks, transport and security. The partners intend to offer institutional investors access through a range of investment structures rather than concentrating on a single fund or strategy.

“Our ambition is to build a long-term infrastructure platform with a clear focus on resilience-related investments and investment solutions,” said Philipp Schomberg, Executive Partner and founder of KINGSTONE Investment Management. “With Karsten Mieth, Friedrich von Carlowitz and Maximilian Radert, we have brought together a management team with extensive experience in this field.”

ADVENTRA specialises in institutional infrastructure and real asset investments, with particular experience in energy, storage, security of supply and resilient infrastructure. Its founder and Managing Partner, Karsten Mieth, has more than 30 years of experience in regulated fund management and real assets.

“Germany and Europe face enormous challenges in delivering future-proof infrastructure and strengthening the resilience of their economies,” Mieth said. “Systemically important projects are becoming increasingly interconnected and complex and require private capital alongside public funding.”

Mieth also pointed to changes in the investment environment that are making infrastructure increasingly accessible to institutional investors, including more established valuation practices and a clearer regulatory framework.

Before establishing ADVENTRA, Mieth was spokesperson for the Management Board of Encavis Group, where he was responsible for institutional asset management. Encavis operates photovoltaic and onshore wind assets across Europe.

Friedrich von Carlowitz has been Managing Director of KINGSTONE Capital Advisory for approximately two years and previously gained infrastructure experience at Macquarie. Maximilian Radert’s background includes developing domestic and international fund structures, analysing infrastructure markets and structuring investment solutions for institutional capital.

The establishment of KII represents a diversification of KINGSTONE’s investment activities beyond its established property business. Rather than focusing exclusively on conventional infrastructure, the platform intends to position resilience as its central investment theme, covering assets supporting energy independence, supply chains, digital systems and security-related infrastructure across its three target European markets.

Photo: © KINGSTONE IM

Catella and Nordkranen Swap Herlev Residential Asset for Copenhagen Development Site

Catella, together with Nordkranen and an international investment partner, has agreed a property exchange with Ikano Bolig involving the sale of the GreenPoint residential development in Herlev and the acquisition of a development site at Retortvej in Valby, Copenhagen.

Under the agreement, Ikano Bolig, part of Ikano Bostad, will acquire GreenPoint, a completed residential scheme comprising 445 rental homes. At the same time, Catella and its partners will take ownership of the Retortvej site, where they intend to develop a new residential project.

The transaction effectively allows the Catella-led partnership to exit a completed and fully occupied investment while recycling capital into another development opportunity in the Copenhagen residential market.

GreenPoint was created through the redevelopment of a former industrial property in Herlev into a residential neighbourhood. The project has achieved DGNB Platinum and WiredScore Home Platinum certifications, reflecting the sustainability and digital infrastructure standards incorporated into the development.

“GreenPoint demonstrates our ability to create value throughout the entire real estate cycle. Together with Nordkranen, we transformed a former factory site into a fully let residential community with strong sustainability credentials, and we are pleased to hand it over to a long-term owner such as Ikano Bolig,” said Morten Gustafson, Managing Director, Catella Investment Management Denmark.

“At the same time, the acquisition of Retortvej secures an attractive new development opportunity in Copenhagen and allows us to continue the existing partnership in a market with strong long-term housing demand,” Gustafson added.

The Retortvej acquisition extends Catella and Nordkranen’s residential development activity in Denmark. The partners plan to develop housing on the site, targeting Copenhagen’s continuing requirement for additional residential supply.

“This transaction reflects Catella’s ability to deliver value-add returns in affordable living, a segment supported by strong demand and clear social purpose,” said Dominik Röhrich, Head of Investment Management Europe. “Our continued ESG focus, recognised through numerous awards and certifications, remains central to how we create long-term value.”

The transaction remains subject to customary closing conditions and is expected to complete in January 2027.

HIH Real Estate Signs Almost 160,000 sqm of Leases in H1 2026

HIH Real Estate completed 175 lease transactions covering approximately 159,700 sqm during the first half of 2026, with renewals accounting for the majority of the volume as existing occupiers committed to properties within the company’s portfolio.

The total comprised 80 new leases covering around 40,500 sqm and 95 extensions representing approximately 119,200 sqm. Renewals therefore generated almost three quarters of the total space transacted during the period, highlighting the importance of tenant retention within HIH’s leasing activity.

In Germany, HIH completed 61 new leases covering approximately 34,500 sqm and 73 extensions totalling around 104,000 sqm. Its international portfolio contributed a further 19 new leases for approximately 6,000 sqm and 22 extensions covering around 15,200 sqm.

Offices represented 48% of the space leased within the German portfolio, followed by logistics at 29% and retail at approximately 19%. The logistics figure was heavily influenced by the largest transaction of the half year, a 40,300 sqm lease extension with Deutsche Post Immobilien at Ernst-von-Bodelschwingh-Straße in Bergkamen. Within HIH’s international portfolio, offices accounted for 57% of leased space and retail for 39%.

“The leasing performance in the first half of the year shows how important active tenant management and the quality of our existing properties are. In particular, the high number and large volume of lease extensions demonstrate that our spaces meet occupiers’ requirements over the long term,” said Frank Kindermann, Managing Director of Asset Management at HIH Real Estate.

Among the largest office transactions was Deloitte’s early extension of approximately 17,000 sqm at ZEBRA, Europaallee 91 in Frankfurt. Deloitte has been the sole occupier of the DGNB Gold-certified property since its completion in 2021 and has now committed to the location beyond 2036.

“The long-term extension of the lease with Deloitte in Frankfurt’s ZEBRA also underlines that high-quality office properties in Germany’s top locations and prime areas continue to see strong demand,” Kindermann added. “It is precisely in these locations that companies are looking for modern, ESG-compliant space that provides an attractive working environment for their employees and supports their long-term location strategies.”

Other major transactions included an 8,315 sqm extension by Zurich Insurance covering the fourth and fifth floors of SquareOne in Vienna, as well as a new lease to TotalEnergies at East Side Office in Berlin.

Across Germany’s seven largest office markets, HIH recorded 57,054 sqm of leasing during the first six months of the year. Frankfurt generated the largest volume at 19,983 sqm, followed by Berlin with 14,946 sqm. Munich accounted for 7,932 sqm and Hamburg for 7,705 sqm.

The H1 figures indicate that lease extensions remain an important component of activity within HIH’s portfolio, particularly as occupiers balance workplace requirements with the cost and complexity of relocation. At the same time, the Deloitte transaction supports the continuing concentration of demand on modern office buildings in established locations, particularly properties capable of meeting occupiers’ environmental and workplace requirements.

Romania Property Investment Could Approach EUR 1 Billion as Investors Target Higher-Quality Assets

Romania’s commercial real estate investment market recorded approximately EUR 300 million of transactions in the first half of 2026, down from around EUR 400 million in the same period last year, but a pipeline of larger deals could produce a considerably stronger second half, according to Colliers. Romania accounted for around 5% of investment across the six largest CEE economies covered by the consultancy, while regional transaction volume reached EUR 5.8 billion, up 7% year-on-year.

Regional activity was also above longer-term levels. The EUR 5.8 billion invested during H1 exceeded both the five-year first-half average of EUR 4.6 billion and the ten-year average of EUR 5.1 billion. Colliers expects CEE investment to reach between EUR 12.5 billion and EUR 13 billion for the full year, compared with EUR 11.6 billion in 2025.

Romania’s weaker first-half volume partly reflects the timing of several larger transactions. The sale of a MAS retail portfolio to AFI Europe moved into the third quarter, while other significant deals remained in progress at the end of H1. If these transactions are completed, Colliers believes the Romanian market could approach EUR 1 billion of investment during 2026.

“The decline in transaction volumes in Romania during the period under review should be seen in a broader context. We have several transactions currently under way, while the largest retail transaction on the local market, the sale of a MAS portfolio to AFI Europe, in which Colliers advised AFI, narrowly slipped into the third quarter,” said Robert Miklo, Partner, Head of Capital Markets at Colliers.

“If other large transactions currently in progress are also completed, 2026 has the potential to close with investment volumes of close to one billion euros, which would make it only the second year since 2007 in which the market has reached this threshold,” Miklo added.

Offices accounted for approximately 60% of Romanian transaction volume during the first half, their highest share since 2022. Colliers expects this concentration to moderate during H2 as larger deals involving other property sectors reach completion.

Across CEE, offices returned as the largest investment sector, accounting for 29% of transaction volume compared with 23% a year earlier. Retail represented 27%, residential 19% and industrial and logistics assets 17%. Office investment is increasingly focused on modern, energy-efficient and well-located properties, while older buildings are being considered more selectively for refurbishment or conversion.

Romania continues to provide a yield premium compared with several of the region’s more mature property markets. Prime Bucharest yields stand at approximately 7.5% for offices, 7.75% for industrial and logistics assets and 7.25% for shopping centres. These levels remain above comparable yields in Warsaw, Prague and Bratislava.

Higher yields alone, however, are becoming less decisive. Investors are increasingly assessing returns alongside liquidity, building quality, income stability and economic risk, creating a clearer distinction between assets capable of providing predictable long-term income and properties facing greater depreciation, liquidity or regulatory risks.

“Financing conditions are favorable, but the advantage lies with high-quality properties with stable income, credible sponsors and clear sustainability strategies,” said Miklo.

Financing conditions are reinforcing this division. Corporate demand for investment, refinancing and restructuring finance increased slightly during the second quarter, although lenders continued to charge higher margins for projects regarded as carrying greater risk. Banks are also offering more favourable conditions to companies and properties demonstrating progress in the energy transition, while buildings with weaker energy performance face tighter lending standards and lower investor demand.

For the second half of 2026, Colliers remains cautiously optimistic about the wider CEE investment market. The consultancy identifies interest rates, Euribor movements, refinancing requirements and geopolitical tensions among the main risks, alongside weakness in German industry, international trade uncertainty, tariffs and energy prices.

At the same time, investment in infrastructure, defence and the energy transition, together with artificial intelligence, reindustrialisation and the movement of production closer to European markets, could generate new opportunities for property investment. Increasing participation from domestic and regional capital is also supporting liquidity and reducing CEE’s dependence on global capital flows.

“Beyond fluctuations from one half-year to another, the overall picture for Romania remains clearly positive. Market fundamentals are solid: attractive yields in a regional context, an economy with a significant weight within the region, and genuine investor interest across all major real estate sectors,” Miklo concluded.

For Romania, the closing of transactions already in progress will determine whether the relatively subdued H1 develops into a much stronger full-year result. The combination of comparatively high yields and an active transaction pipeline continues to support investor interest, but the market is becoming increasingly selective, with capital and financing favouring properties offering secure income, stronger energy performance and long-term investment quality.

Denmark Logistics Leasing Recovers as Investment Volume Falls 53%

Denmark’s industrial and logistics property market moved in contrasting directions during the first half of 2026, with occupier demand continuing to recover while investment activity declined sharply, according to CBRE. Industrial and logistics investment volume reached DKK 2.9 billion in H1 2026, representing a 53% decline compared with the same period last year. The sector accounted for 9% of total Danish commercial real estate investment and ranked as the country’s third most liquid property sector.

International capital was particularly subdued. Cross-border investment amounted to approximately DKK 0.3 billion, down 92% year-on-year. CBRE recorded 148 transactions during the period, while the largest individual deal was valued at approximately DKK 0.4 billion. Prime logistics yields remained unchanged quarter-on-quarter at 5.00%.

CBRE said international investors continue to show interest in Danish logistics assets, although geopolitical uncertainty and higher interest rates following the escalation of the conflict in Iran have contributed to a more cautious approach to acquisitions. One of the notable transactions during H1 was Catena’s acquisition of a pan-Nordic logistics portfolio from Urban Partners, which included a logistics property in Denmark.

The investment slowdown contrasts with improving conditions in the occupier market. Logistics take-up increased by 8% in the first half compared with H1 2025, while Q2 alone generated approximately 269,000 sqm of leasing activity. Existing properties continue to dominate demand, with second-hand space representing 77% of total take-up during the first half.

The vacancy rate remained relatively tight at 4.39% in Q2. Prime logistics rents in Denmark’s South Corridor were unchanged quarter-on-quarter at DKK 725 per sqm, while approximately 119,000 sqm of new space was completed during the quarter.

Development activity nevertheless remains limited. CBRE reported only a modest increase in owner-occupied and built-to-suit deliveries during Q2, while the overall pipeline of new logistics projects remains constrained. This limited supply could gradually change the balance between landlords and occupiers. Tenants currently retain an advantage in negotiations, with incentives continuing to play an important role, although CBRE indicates that this position is beginning to shift as the availability of new developments remains restricted.

Rent also remains an important differentiator when occupiers compare similar warehouse properties. With relatively little new supply entering the market and vacancy below 5%, the availability and cost of suitable existing facilities could become increasingly important if occupier demand continues to strengthen.

The H1 figures therefore show a widening contrast between Denmark’s logistics investment and occupier markets. Investors have become substantially more cautious, reflected in the 53% decline in transaction volume and particularly sharp reduction in cross-border investment, while demand from companies requiring logistics space is moving in the opposite direction.

If leasing activity continues to recover while development remains limited, Denmark’s logistics market could gradually move towards tighter supply conditions. The combination of a stable 5.00% prime yield, a 4.39% vacancy rate and improving occupier demand suggests that underlying occupational conditions remain comparatively resilient despite the sharp slowdown in investment transactions.

Poland’s Regional Office Markets Face Growing Divide as Demand Falls 20%

Poland’s regional office markets recorded weaker leasing activity in the first half of 2026, while a limited development pipeline and changing occupier requirements are creating a widening performance gap between newer, higher-quality buildings and ageing office stock, according to Avison Young.

Total modern office stock across the main regional cities reached 6.76 million sqm at the end of the period. Kraków remains the largest market outside Warsaw with 1.87 million sqm, followed by Wrocław with 1.35 million sqm and Tricity with 1.08 million sqm.

Developers completed 73,740 sqm across nine buildings during the first six months of the year. Kraków accounted for 27,280 sqm and Wrocław for 24,140 sqm. Although the H1 total was more than three times the 20,500 sqm delivered throughout 2025, development activity remains subdued. Only 170,900 sqm was under construction for completion between 2026 and 2028.

The headline development figures also mask changes within the existing stock. More than 48,000 sqm was removed from regional office inventory during the first half as buildings underwent conversions and refurbishments. This points to an increasingly active process of repositioning older properties at a time when relatively little new space is entering the pipeline.

Occupier demand weakened during the period. Total take-up reached 307,350 sqm, representing a 20% decline compared with H1 2025. Kraków and Tricity together generated almost half of regional leasing activity, while Poznań accounted for 16% and Wrocław for 15%.

New demand nevertheless remained an important part of the market. Net take-up accounted for 60% of total leasing volume. The demand breakdown presented by Avison Young shows new leases representing 47% of activity, renewals 41%, expansions 10% and transactions for occupiers’ own purposes 2%. Large transactions remained relatively scarce, with only two leases exceeding 10,000 sqm during the first half.

Technology remained the largest source of occupier demand, with IT products and services accounting for 20% of leasing activity. Manufacturing generated another 18%, followed by business services with 13% and banking, insurance and investment companies with 10%.

Despite weaker take-up, the overall regional vacancy rate edged down to 17.3%, falling by 0.2 percentage points year-on-year and 0.1 percentage points quarter-on-quarter. Approximately 1.17 million sqm remained available across the regional markets.

Conditions vary considerably between cities. Katowice recorded the highest vacancy rate at 22.2%, followed by Wrocław at 21.8%, Łódź at 19.8% and Kraków at 19%. Vacancy was considerably lower in Poznań at 11.5%, Lublin at 10.5%, Tricity at 10.4% and Szczecin at 8.4%.

Prime asking rents also show significant differences between regional markets. Kraków recorded a range of EUR 13-20 per sqm per month, compared with EUR 14-19.50 in Poznań and EUR 14-17.50 in Wrocław. Tricity stood at EUR 13.50-17.50, while Katowice ranged from EUR 12-16, Łódź from EUR 11-15.50, Lublin from EUR 10-15 and Szczecin from EUR 12-14.

The combination of elevated vacancy and a small development pipeline is contributing to a more divided market. Avison Young expects companies seeking new premises increasingly to concentrate on offices offering stronger technical, environmental and workplace standards. At the same time, the shortage of new development options is encouraging some occupiers to extend existing leases rather than relocate.

This is creating greater challenges for ageing buildings. Landlords are responding through refurbishment programmes and, in some cases, examining alternative uses for properties that may struggle to compete as conventional offices. Higher availability in older buildings is also putting pressure on rents and giving tenants greater scope to negotiate incentives and more flexible leasing conditions.

Investment activity provides another indication of how investors are assessing the sector. Polish offices attracted EUR 594 million across 23 transactions during H1 2026, representing 20% of the country’s total commercial real estate investment volume. Five of the transactions involved prime properties.

Regional office markets accounted for more than EUR 210 million across 13 transactions. Kraków generated the largest regional investment volume, supported by the sale of two prime buildings within the Brain Park complex and Summus Capital’s acquisition of The Park Kraków.

Domestic investors played a particularly significant role. Polish capital represented 50% of investment in the country’s office sector during the first half, including acquisitions of three of the five prime office assets sold. Polish buyers acquired eight properties across regional markets during the period.

The H1 figures therefore show a regional office market moving in two directions. Overall leasing has slowed and vacancy remains high, but the development pipeline is unusually constrained. At the same time, occupiers are becoming more selective about building quality, increasing pressure on older properties while supporting the competitive position of modern offices.

With only 170,900 sqm currently under construction across the regional markets, the next phase is likely to be shaped less by large volumes of new development and more by renewals, refurbishment, repositioning and competition for the best existing space.

PORR to Build New X-FAB Semiconductor Facility in Erfurt

fletcher@cijeurope.com
22 August 2026
Company News, Construction, Manufacturing

PORR has been appointed to design and construct a new semiconductor production facility for X-FAB in Erfurt, Germany, as the chip manufacturer expands its capacity for microsystems and advanced semiconductor applications.

The project, known as Fab4Micro, will include approximately 3,500 sqm of cleanroom production space, an adjoining office building and connections to X-FAB’s existing Erfurt operations. Construction is scheduled to run from July 2026 until July 2028.

The new facility will be used to manufacture microelectromechanical systems, known as MEMS, together with heterogeneously integrated systems at wafer level. These technologies have applications across sectors including automotive manufacturing, medical technology and industrial equipment.

PORR will be responsible for both planning and construction of the facility. The contractor said semiconductor manufacturing buildings require particularly demanding technical specifications, including protection of production equipment from external vibrations, high levels of operational reliability and tightly coordinated construction schedules.

“The market for semiconductor chips continues to grow, driven by artificial intelligence as well as future technologies such as autonomous driving. This is also generating growth for us because demand for cleanrooms is increasing,” said PORR CEO Karl-Heinz Strauss.

Cleanroom construction has become an increasingly important segment of high-technology industrial development as Europe seeks to expand domestic semiconductor manufacturing capacity. According to PORR, the European Chips Act has helped mobilise more than EUR 52 billion of public and private investment. The company also cited SEMI’s World Fab Forecast, which projects global spending on semiconductor fabrication equipment to increase by 9% to USD 166 billion by 2027.

The technical requirements of semiconductor plants are also becoming more demanding as chip structures become smaller and manufacturing processes more complex. Production areas need to minimise vibrations that could interfere with sensitive equipment, while systems must be designed for continuous operation.

“Cleanrooms place very special demands on planning and construction,” Strauss said. “They must be virtually vibration-free. They need to be built solidly so that, for example, vibrations from road traffic do not reach the production machinery.”

Energy performance is another increasingly important element of semiconductor facility design. PORR said heat recovery systems that reuse waste heat and photovoltaic installations are becoming standard components as manufacturers seek to reduce the energy intensity of production facilities.

“The requirements are constantly increasing,” Strauss added, pointing to increasingly complex chip structures alongside higher expectations for energy efficiency.

PORR has developed cleanrooms for semiconductor and biotechnology companies over several decades and says it has delivered several hundred thousand square metres of this type of specialist production space. Its services extend from design and construction through to equipment connections and commissioning. Previous clients include Infineon Technologies, ams OSRAM and Bayer.

The Fab4Micro project is being supported by Germany’s Federal Ministry for Economic Affairs and Energy following a decision by the Bundestag, together with the Thuringian Ministry for Economic Affairs, Agriculture and Rural Areas under the European Chips Act framework.

The Erfurt investment comes as semiconductor manufacturing becomes an increasingly important component of Europe’s industrial and technology strategy. For the construction sector, the expansion is also creating a specialised development market for technically complex manufacturing facilities, particularly cleanrooms capable of meeting increasingly demanding requirements for vibration control, energy efficiency, reliability and future automation.

Drutex Commits PLN 30 Million to Next Phase of Bytów Headquarters Upgrade

Drutex is investing PLN 30 million in the next phase of its headquarters redevelopment in Bytów, northern Poland, continuing a wider programme of investment in the window and door manufacturer’s administrative and production infrastructure. Allcon has been appointed as general contractor for the project.

The latest phase will involve the comprehensive reconstruction of an existing office building with 2,425 sqm of usable space. The works will reorganise the internal layout, replace and upgrade building installations and renew the façade. The building comprises three above-ground floors and a basement, with the underground level primarily allocated to technical functions.

A central element of the project will be the integration of the older building with the company’s recently completed headquarters. The two structures will be connected on every floor, while circulation areas, the main entrance hall and staircases will be reorganised to create a single office complex. Construction is scheduled to take around 20 months, followed by approximately three months for technical approvals and preparation for occupation.

Around 800 sqm of the redeveloped property will be allocated to an exhibition area presenting the history of Drutex and its founder, Leszek Gierszewski, who led the business for four decades. Other parts of the building will contain offices and conference rooms, while the ground floor will accommodate medical facilities as well as space for the company’s human resources and occupational health and safety teams.

The investment follows the completion of an 8,282 sqm headquarters building less than a year ago. Approximately 4,760 sqm of that property is dedicated to offices, alongside 17 conference rooms, an auditorium, employee areas and a two-level underground car park. The facility was planned with additional organisational growth and employment in mind.

Drutex says investment in its physical operations remains a central part of its expansion strategy. The company reports that it allocates an average of more than PLN 100 million annually to production capacity, technology, machinery, equipment and its transport fleet. It currently employs almost 4,000 people.

The Bytów investment is therefore part of a considerably larger industrial platform. Drutex currently operates around 118,000 sqm of manufacturing space and has production capacity of up to 7,000 windows per day. Its products are distributed through more than 4,000 sales points internationally.

The company has also developed a high degree of in-house manufacturing capability, including research and development and engineering operations, testing laboratories, PVC profile production and insulating-glass manufacturing. Its logistics operations are supported by a company-owned fleet of more than 750 vehicles.

The latest headquarters redevelopment represents another step in aligning Drutex’s administrative infrastructure with the scale of its manufacturing operations. Once completed, the existing and recently delivered buildings will operate as an integrated headquarters complex supporting the company’s workforce and continued development in Poland and international markets.

Dekpol Expands Tri-City Residential Footprint with 172 Homes in Rumia

Dekpol Deweloper has opened pre-sales for a new residential scheme in Rumia, adding 172 apartments to the growing housing market surrounding the Tri-City metropolitan area. The development will be delivered in two stages and comprise seven residential buildings.

The project, named Nowa Rumia, will be developed around the junction of Dolna and Husarska streets in the northern part of the city. In addition to the apartments, the plans include five ground-floor commercial premises, a children’s play area and more than 260 parking spaces. Parking will be distributed between outdoor spaces and facilities incorporated within the buildings.

Dekpol has designed the buildings with separations of approximately 26 to 44 metres, providing relatively open areas between individual structures. The residential component is intended to address several groups of buyers, including people purchasing their first home, families requiring additional space and households that want to remain connected with employment and services across the wider Tri-City region.

The location places the development close to existing commercial and transport infrastructure. Port Rumia shopping centre is approximately 450 metres away, while local bus services operate nearby. Reda’s SKM railway station can be reached in around five minutes by car, providing rail connections towards the wider metropolitan area.

Access to recreational areas also forms part of the location’s residential appeal. The Tri-City Landscape Park is around a 20-minute walk from the site, giving residents access to a large green area while remaining close to shops and everyday services.

Nowa Rumia is being positioned both for households connected professionally with the Tri-City and for people already living in Rumia, Reda and neighbouring communities who want to move into newly constructed housing without leaving the region. The combination reflects Rumia’s position between a local residential market and the wider employment and service base of the Tri-City.

The project also continues Dekpol’s longstanding connection with Pomerania. The company’s history began in Pinczyn in 1993, and although the business has subsequently expanded its operations across Poland, its residential development arm continues to maintain an active presence in the Tri-City and surrounding region.

Chorus Takes Nearly 10,000 sqm at CTPark Bucharest North

CTP has leased almost 10,000 sqm of logistics space at CTPark Bucharest North to Chorus Research Engineering Distribution, expanding the industrial park’s tenant base with a Romanian company active in electrical systems, renewable energy and industrial automation.

The new facility will support Chorus’s distribution and logistics operations as the company expands its activities serving the energy transition, renewable power, energy storage and automation markets.

CTP has adapted the property to Chorus’s operational requirements, including the development of a dedicated ADR storage area for hazardous materials. The facility has also been structured to provide opportunities for additional space should the company’s requirements increase.

Chorus Research Engineering Distribution supplies electrical products alongside engineering and technical services. Its activities cover areas including energy infrastructure, renewable energy and industrial automation, with the new Bucharest facility intended to provide additional logistics capacity as demand develops.

The company selected CTPark Bucharest North partly because of its transport connections and the possibility of expanding within the location. Daniel Secheres, Chief Marketing Officer at Chorus Research Engineering Distribution, said the standard of services available at the park was another factor in the decision, particularly as the company develops its activities in renewable energy and energy storage.

For CTP, the transaction also demonstrates growing demand for industrial properties requiring more specialised configurations than conventional warehouse accommodation.

Andrei Marian, Business Development Director at CTP Romania, said occupiers increasingly require buildings that can accommodate their immediate operational needs while retaining flexibility for future expansion. The modifications for Chorus reflect this approach, with the hazardous-goods storage facility forming one of the project’s principal customised elements.

CTPark Bucharest North is located in the northern part of the Romanian capital and provides connections to Bucharest’s ring road, the country’s principal motorway network and Henri Coandă International Airport. The park accommodates logistics, distribution and light industrial operations.

The Chorus transaction comes as energy-related industries are becoming an increasingly relevant source of industrial and logistics demand. Growth in renewable generation, battery storage, electrification and industrial automation is creating requirements not only for manufacturing capacity but also for specialised distribution facilities capable of handling electrical equipment and, in some cases, regulated materials.

For Chorus, the nearly 10,000 sqm lease provides a larger logistics base from which to support that growth, while retaining the possibility of increasing its footprint at CTPark Bucharest North as its operations expand.

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