EKR, a subsidiary of the internationally renowned ELEKTROKONTAKT GMBH, specializes in cabling systems. The company has a global presence across four continents — America, Asia, Africa, and Europe. Since 1996, EKR has been a trusted supplier to premium customers in the automotive industry. Their dedication to quality is evident from the numerous industry certificates they have been awarded over the years.
The top tier provider for the automotive sector secured a wide 14,735 square meters for a 10-year period in the industrial park developed and owned by Globalworth and Global Vision.
EKR, one of the world's leading suppliers of electrical cables for the automotive industry worldwide, anchors its operations at Mureș City Logistics. From this pivotal location, EKR will be exclusively manufacturing the electrical cables for Mercedes car division.
The new lease signifies that Mureș City Logistics, a joint venture light industrial park by Globalworth and Global Vision, is now fully occupied, marking a significant achievement for both real estate companies. It also signals confidence in Târgu Mureș as an emerging hub for logistics and light industry.
„Mureș City Logistics reaching full occupancy is a pivotal milestone for us at Globalworth and signifies the strength of our partnership with Global Vision. Welcoming EKR, a subsidiary of the globally renowned ELEKTROKONTAKT GMBH, not only underscores the park's strategic appeal but also validates Târgu Mureș as an emerging hub for logistics and light industry. As we continue to focus on smart, strategic investments, we aim to be facilitators of progress, both locally in Târgu Mureș and across Central and Eastern Europe”, said Mihai Zaharia, Head of Investments Romania / Group Capital Markets Director at Globalworth.
„We have reached yet another milestone by leasing the entire facility of Mureș City Logistics, the most modern hub for seamless transportation and connectivity in the Mureș area. By establishing this strong business ecosystem, Global Vision in partnership with Globalworth are playing a role in fostering the prosperity of both the local and regional communities. This achievement was possible also due to the good infrastructure and skilled workforce available in the region. We are proudly welcoming EKR in our business community”, stated Sorin Preda, CEO & Founder Global Vision.
The agency facilitating this deal was Colliers, a trustworthy partner for many lease projects in Globalworth's and Global Vision's portfolios.
„We take pride in the active role we played in this transaction, which holds significant importance, especially in such a competitive and closely interconnected I&L market. The size of this transaction is not only significant in terms of the area involved but also in terms of the social and economic impact it will bring. With a particular emphasis on production, this transaction contributes to the creation of a significant number of new jobs, thus contributing to the development of the economic and social infrastructure of the local community. We thank our partners at Elektrokontakt for their trust and for the exceptional collaboration with the Globalworth and Global Vision teams”, says Victor Cosconel, Head of Office & Industrial Agencies at Colliers.
Overall, the industrial and logistics market continues to be one of the most dynamic real estate sectors, with total demand up more than 20% compared to the same period last year, to around 480,000 square meters of leasing deals, according to Colliers market report for the first semester of 2023. With 6.4 million square meters of modern storage space, Romania is the third largest industrial and logistics market in CEE-15.
Mureș City Logistics is ideally located 362 km from Bucharest, 102 km from Cluj-Napoca, and 261 km from Borș at the Romanian West border with Hungary. The park is equipped with modern infrastructure including well-connected roads and ample parking. Târgu Mureș is the seventh Romanian region where Globalworth has chosen to invest, attracted by its strategic location and connectivity. This project has been developed in partnership with Global Vision, with each company holding a 50% stake. The park is the pilot project of the “City Logistics. Last Mile” series developed by the two companies activating in the real estate sector.
With this new tenant, Globalworth states its expertise in identifying strategic investment opportunities alongside Global Vision which continues its commitment to developing state-of-the-art buildings. Together, they offer a strong and efficient platform for companies like EKR, supporting the growth and expansion of businesses in Romania and beyond.
ABOUT GLOBALWORTH
Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 250 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is €3.1 billion, as of 30 June 2023. Approximately 96.9% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 700 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Targu Mures.
For more information visit www.globalworth.com and follow us on Facebook, Instagram, LinkedIn.
ABOUT Global Vision
Global Vision is a Romanian company, founded 19 years ago, which provides development, design, project management and construction services, real estate project management owned by private and institutional investors in Romania and Central and Eastern Europe.
The company has developed and built over 1,700,000 sqm and manages approximately 800,000 sqm within the asset & property management division. In 2022, Global Vision delivered over 100,000 square meters of industrial and logistics spaces, in Bucharest and across the country, in strategic locations, well-connected by road and rail, as well as by air and sea.
For more information, visit www.globalvision.ro and follow us on Facebook, Instagram, LinkedIn.
