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Warehouse Market News

Swiss group SAG buys majority stake in Romanian automotive distribution group

The Swiss Automotive Group (SAG) has bought a majority stake in Romanian Autonet group, an independent automotive spare parts distributor active in Romania and Hungary. The financial terms of the deal haven’t been disclosed.

Panattoni to join the industrial race to Romania

Panattoni Europe has hired a Romanian to begin the process of establishing the industrial developer in that country. Muler Onofrei, chosen by the Americans for the initiation of operations in Romania, has also established the local office for Prologis in 2006 and managed its activity for one year and a half. He was recruited by Panattoni Europe from the position of managing director for the Austrian developer Soravia Real Estate.

Toneli invests EUR 700,000 in chicken farm at Gaesti

Toneli Holding, local egg producer, has invested EUR 700,000 in a chicken farm at Gaesti, Dambovita county, company representatives announce. This investment increased the farm’s capacity to 18,850 egg-laying hens, producing about 14,800 eggs a day and around 444,000 eggs per month.

Dutch real estate developer buys 20 hectares near Bucharest

Dutch real estate developer CTP, which has become the largest owner of industrial-logistics spaces in Romania, recently bought 20 hectares of plot near Bucharest from the Italian group Cefin.

Romania’s industrial turnover stagnates in October 2015

In October 2015, Romania’s industrial turnover per total (domestic and non-domestic market), stayed in nominal terms at the same level compared with the previous month and increased by 0.5 percent compared with the similar month of the previous year, according to data with the National Statistics Institute (INS) released on Tuesday.

Helicopter producer, EUR 53 mln contract from the Romanian Defense Ministry

Romania’s Defense Ministry has attributed the helicopter producer IAR Brasov a contract of EUR 53.2 million (VAT included) to repair the IAR-330 Puma Socat helicopters of the Romanian Air Forces.

Vabeld to build 25,000 sq. m warehouse for Fashion Days

Belgian company Vabeld will develop an warehouse exceeding 25,000 sq. m for the online retailer Fashion Days, which will be built by AIC Industrial&Logistic Development on the land bought by Vabeld near the A1 highway Bucharest-Pitesti.

Vabeld bought two warehouses and 15 ha land from former Cefin Real Estate shareholders

Belgian real estate investor Vabeld has bought from the former shareholders of Cefin Real Estate, the real estate division of the Italian group Cefin, two logistics warehouses situated at the Bucharest exit to Pitesti. This is the company’s second acquisition since its entrance on the local market this summer.
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