Global Vision, a leading name in the Romanian real estate sector, with more than 20 years of extensive expertise in construction, development, and asset management, is proud to announce its future plans after the landmark transaction with WDP Romania, a renowned investor in the European real estate market.
“We are at a significant milestone in the evolution of Global Vision, which demonstrates the success we have been able to achieve in all our projects. In our 20 years in business, we have developed over 500.000 sq.m of top-class industrial and logistics projects that have become landmarks for major companies around the world. We are proud to announce this transaction with WDP with whom I believe we share the same values: entrepreneurship, passion, integrity, agility, flexibility, trust and responsibility for a sustainable future of the next generations.
As we look to the future, we remain dedicated to contributing significantly to the growth of logistical and industrial infrastructure in Romania and diversifying our areas of expertise in other real estate sectors and industries.
Going forward, Global Vision is creating a new division within the group dedicated to the investment and development of green energy projects. This initiative aims to provide clients with green energy produced within the group itself, reinforcing commitment to sustainability.
Moreover, the group is going to develop and launch its own real estate investment platform open for other investors. This platform will finance acquisitions and developments of innovative and sustainable projects identified by the group in high-potential markets in Romania and beyond, facilitating growth and expansion at international level” - stated Sorin Preda, Founder Global Vision.
About the transaction between WDP and Global Vision
Global Vision’s joint venture with Globalworth completed the divestment of 136,374 sq.m of leasable area and a plot of land in Constanta with 300,000 sq.m GLA development potential to WDP Romania. This transaction oversees properties in Bucharest, Constanța and Târgu Mureș, totaling an investment of roughly 110 million EUR. The existing assets consist of four Class A warehouses and light industrial projects, leased to a diverse range of tenants.
The asset in Greater Bucharest consists of 76,994 sq.m of leasable area and is located in Chitila. In Constanța, the largest Black Sea port and a crucial strategic hub, WDP Romania acquired two existing properties totalling 41,117 sq.m, along with a large plot for development spanning a total of over 300,000 sq.m in GLA potential. These assets are directly adjacent to the main port area and feature possible railway connectivity. A building permit is in place for a third property and commercial negotiations are ongoing. In Târgu Mureș the transaction consits of an 18,263 sq.m asset, located in the heart of Transylvania, a crucial regional logistics hub, benefiting from its recent connection to Romania's expanding motorway network.
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