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Warehouse Market News

Current industrial hubs stock in Romania, estimated at 1.8 million sq. m

Current industrial hubs stock in and near Bucharest is estimated at approx. 1 million sq. m, while the level of the entire country reached 1.8 million sq. m, according to the study made by Jones Lang LaSalle (JLL).

Land prices for real estate projects development, down in H1 2014

The prices of the lands for real estate projects development have decreased with an average of 4 pct compared to the similar period of last year, in Arad (-14%), Alba Iulia (-10%) and Targoviste (-10%) being registered the most significant reductions, while in Bucharest they only went down with 2 pct.

Turnover in industry goes down in June, but goes up year on year

The turnover in industry per total local and foreign market went down by 1.6%, in nominal terms, in June, compared to the previous month, but compared to June 2013 it went up by 6.8%, announced on Thursday the National Statistics Institute (INS).

New orders for Romanian industry, up 6.6% in the first semester

New orders for Romania’s industry increased by 6.6% in the first half of 2014 compared to the same period of last year, according to data from the National Statistics Institute (INS).

Swiss tycoon Andreas Zivy to build EUR 40 million export terminal in Constanta harbor

Swiss Andreas Zivy has local business of nearly EUR 800 million from cereals trade, fertilizers production and port operations.

Another thermal power plant for sale in Romania

Insolvency firm Musat & Asociatii-Restructuring & Insolvency, the assigned liquidator for the assets of former state owned power producer Termoelectrica, has put the Borzesti thermal power plant for sale for a starting price of EUR 21.8 million, VAT included.

Helios Phoenix expands Olympian Parks

Helios Phoenix, the sole owner of the Olympian Parks industrial portfolio, announced on Tuesday plans to extend both locations in Brasov and Timisoara with over 20,000 sqm.

Globalworth ventures outside the Capital: invests EUR 35 mln in logistics park in Timisoara

Globalworth, real estate investment company founded by Greek businessman Ioannis Papalekas, bought logistics complex Timisoara Airport Park for EUR 18 million from Invest4SEE.

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