GARBE Group, one of the largest investors in logistics and industrial spaces in Germany and Europe, is preparing to enter the Romanian real estate market and is already recruiting, according to Profit.ro. GARBE manages real estate assets worth more than 15 billion euros in 11 countries.
GARBE has reportedly already started recruiting employees in Romania and that it intends to expand on the local market by developing new industrial-logistics projects.
“We are currently analyzing the entire region and Romania is an attractive market that we are considering due to its potential. If the GARBE strategy crystallizes, there will certainly be new communications to the market”, said Martin Polak, Managing Director Central & Eastern Europe, GARBE Industrial Real Estate Slovakia, for Profit.ro.
This year GARBE concluded partnerships with two of the largest alternative investment funds in the world: BlackRock and Brookfield.