Logistics plays a crucial role in the production and distribution of vital goods, from food to medical protection kits. “Beyond the fast adaptability to the new paradigm of COVID-19, logistics seems to be the key field of real estate for supporting economic recovery. The industry starts to take evident measures for creating better services and infrastructure” – Șerban Juverdeanu, Head of Development Global Vision.
Global Vision recently announced the launch of a new logistics project – Bucharest Airport Park – a boutique logistics development that will support activities related to trade and air cargo at Henri Coanda International Airport. Also, the real estate company continued all its development projects during the crisis, despite the challenges that came along.
What type of adaptive measures the company / your project(s) needed? What were the lessons of this period?
One of the major lessons of this period is putting health on the first place. Secondly, this crisis is a strong reminder that we cannot take anything for granted and every entity in the business field should improve the capability to adapt to challenges. ‘Business as usual’ has abruptly and significantly changed. COVID-19 caused short and long-term disruptions in our lives and our work organization. With a 16-year legacy of responsible business, Global Vision has been developed large-scale industrial and logistics projects for people and their future, always respecting and enhancing the safety, health and well-being of our teams, customers, partners, and communities. During the last two months, we maintained our development activity in Constanta, Chitila, Oradea and Arad by applying all the safety and prevention measures and succeeded in keeping the delivery timeline as promised. As the pace of change has globally increased, we are confident we can quickly respond to shifting business dynamics, minimizing impacts to our developing, construction and management projects and disruptions to our customers and partners.
What is the status of your current project(s) and investments planned for 2020-2021?
We have continued the accelerated growth in Romania and in the CEE region of Europe, despite the disruptions caused by the crisis. We opened many construction sites in 2019 and signed contracts with local and foreign investors. Two renowned German investors, manufacturers of auto components, had chosen our company to develop for them logistics and production centers in Oradea and Arad. Also, in 2019, Global Vision launched Constanța Business Park. An impressive project spread over a 100Ha land, near the Port of Constanța, developed in association with Globalworth. We continued the works at the development of Chitila Logistics Hub as well, the second industrial project we develop with our partner Globalworth. Certainly, we will keep and maybe even accelerate the pace for the coming years as the logistics field seems to have a crucial role in the post-pandemic era. We target strategic locations. We believe in the power of cities, in projects meant to change local communities. To open their doors to new horizons of education and development.
Which are the advantages of your business and products, going forward? What are your expectations from the public sector, state projects to support future business?
Infrastructure and digitalization investments are crucial. These two fields proved their significance during the last months and I strongly believe the authorities should focus on accelerating the pace of delivering large-scale infrastructure projects and increase the digital inter-operability of the public institutions. Regarding our activity, we are constantly improving our concepts and products, to make our industrial and logistics developments more adaptable and flexible. We have multiple options for accommodating the tenant in our single roof units – select specific compartments in close liaison with the tenant to suit best his requirements. We also offer extension options to enable cross docking facilities and on the lateral sides to extend existing docking area. Secure basic necessities – loading bays, drive-in’s, car and truck parking; regardless of the unit size and location. Customized office space according to tenant’s requirements – located in a box-in-box system inside warehousing space or outdoors adjacent to main storage unit, multiple floors options. Various complementary services provided by the landlord in terms of financial assistance for acquiring racking systems, suspended mezzanine floor systems for specific operations, special floor treatments, temperature-controlled equipment. External storage platforms to accommodate various requirements for outdoor pallet, container, trailer storage, short and medium term.
What transformations do you expect in your sector, their effects for the Romanian economy and in a regional perspective?
The major change in everyone’s lives is shaping new directions for the future. We note the structural needs of storage, increased by rapidly amplified e-commerce and the supply of the population with food and medicines. Logistics warehouses and urban micro-warehouses were already active with high attention from the investors and large companies, so now they are seeing exponentially increased value. Romania is clearly on the radar of investment opportunities, especially for those companies that plan to keep their production activities inside the EU borders. For example, Global Vision recently attracted two new German investments in Oradea and Arad and we are closely discussing other similar partnerships. On the other hand, the infrastructure deficiency limits the access of investors to the Southern and Eastern parts of the country. To achieve the dual objective of effectively serving customers and harmoniously integrating into the functioning of cities, urban logistics can rely on two pillars: the development of real estate adapted to its needs and the use of technology to optimize the operations.
What is your message to clients and partners?
Global Vision team will continue to do what knows best, staying informed, attentive to the recommendations of the authorities, properly guided in our activities and ready to adapt quickly and tackle any further challenge. We look forward to cooperating with our clients and partners to continue the development and investment activities, and also to minimize the potential impacts of this unpredictable situation on your lives and businesses. By combining real estate and technology, we can develop robust, efficient urban logistics that respect the challenges of tomorrow’s cities. These reflections and projects will involve communities and public actors, developers, logisticians, partners and clients.
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An article published in the exclusive supplement – “Market pulse report, Romania – The new normal” | June 2020
A property market tour, including major cities, with projects status and updated opportunities at the end of the lockdown in Romania – June 2020. | Essential news with the current status of further investments, clients and partners relations, new priorities for the post crisis cycle. | B2B communication report – to help you mark your statements during the changes period.
Content partner: Crosspoint
Partners: CA IMMO, Catted Business Park, Cluj Business Campus, Vox Property Group.
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