Hambrug-based GARBE Industrial Real Estate GmbH, one of the leading providers and managers of logistics, light industrial and technology real estate in Germany and Europe, just set up a new company in Romania, seeing significant growth potential in the country’s logistics sector.
Under the leadership of CEE Managing Director Martin Polák and Country Head Andrei Jerca, GARBE Industrial Real Estate Romania will expand its activities in this market and implement its own property developments.
Jerca elaborated: “Eastern Europe in general and Romania in particular offer serious potential as manufacturing and logistics locations. Romania boasts excellent infrastructure access, stable economic conditions, and low energy prices. Many companies need new and, above all, sustainable logistics assets. The fact that the country is being integrated into the Schengen area makes this an even more exciting time.”
Andrei Jerca Country Head GARBE Industrial Real Estate Romania
Jerca brings long-term experience in the Romanian logistics real estate market to the job. Polák commented: “Andrei Jerca has an in-depth understanding of the Romanian industry and logistics sectors. With his profound knowledge of the special market dynamics and his strategic far-sightedness, he is a true asset to GARBE and a key factor in our growth strategy.”
Jerca looks back on more than 17 years of experience in the industrial and logistics sectors and has a strong track record as a real estate professional. In his most recent position, he headed one of the most active Romanian property developers in the industrial sector.
During his time there, Jerca realised over ten large-scale projects in four major cities in Romania that add up to a total of 200,000 square metres of floor space. Before that, Jerca worked for CBRE as Head of Industrial Services, where he was instrumental in boosting the market share of CBRE. Moreover, he managed one of the country’s largest industrial and logistics parks as asset manager.
For over 30 years, GARBE has been one of the leading and independent partners for transport operators and logistics service providers, trading businesses and the manufacturing industry. At end-2023, the company had about 6.5 million sq m of lettable area and a property development pipeline of about 1.9 million sq m under management, representing property and fund assets with a combined value of over 10 billion euro.
Garbe at a Glance
Headquarters: Hamburg, Germany Employees: 282 International offices: 18 Assets under Management: € 10.6 billion
