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Warehouse Market News

Romania had the biggest economic growth in EU in Q1 2014

Romania’s gross domestic product (GDP) grew by 3.8 percent in the first quarter of 2014 from the similar span of time of last year. This is the largest annual advance registered by a European Union (EU) member state, according to some preliminary estimates published on Thursday by the European office of statistics (Eurostat).

JLL: Property investment volume, at a record EUR 337 M in Q1

The property investment volume recorded in Q1 2014 is estimated at a record EUR 337 million, higher than the total volume in 2013, according to Jones Lang LaSalle (JLL) Bucharest City report.

Standard & Poor’s Upgrades Romania to Investment Grade After Six Years

Standard & Poor’s upgraded Romania to investment grade for the first time since 2008 as the economy grows and the government maintains fiscal rigor.

Czech cabinet supports Amazon investment in Brno

The Czech government has cleared the way for Amazon to invest in Brno by issuing a decree enabling a change to Brno’s master plan that would enable the construction of storage on its chosen site.

A new industrial park in Cluj, worth USD 11 million

Construction work on the new industrial park in Cluj county, Tetarom IV, will begin in the very near future, after the County Council president signed the order to begin work, according to capital.ro.

Deal of the year, so far: Rhenus Logistics rents 14,000 sqm in Mercury Logistics Park

Rhenus Logistics made the move to Mercury Logistics Park, owned by Heitman investment fund near the Bucharest-Pitesti highway, where it rented 14,000 sq m, the biggest industrial land deal recorded in Romania this year, according to GS Capital Advisory.

Bosch factory in Cluj, built by CON-A, was awarded for the construction speed

Bosch factory in Cluj was internally awarded by the German group with the prize „Automotive Electronics Speed Award“, for the speed the factory was erected with, the team work and the dedication showed by Bosch employees in starting this greenfield investment.

Industrial production had over 10 pct. growth in 1Q 2014

Industrial production has increase in the first quarter both as unadjusted and adjusted series, with 10.1 pct. and 10.7 pct respectively, sustained by the growth of the manufacturing industry and of the production as well as of the electric and thermal energy, gas , warm water and air conditioning supply, INS announced.

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