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Warehouse Market News

Ared – logistic and office investments in Western Romania

Ared, one of the strongest residential developers outside Bucharest also operates on the logistic and office segments through its project Business Park UTA1, EUR 29 million investment, including 45,000 sq. m warehouses, 3,000 sq. m offices and commercial spaces.

Pirelli sells the steel cord production facilities, including the plant at Slatina

Italian tyremaker Pirelli mentioned on Friday it had agreed to sell all of its steelcord business to Belgium’s Bekaert in a deal worth around EUR 255 M (USD 348.88 M), WSJ reports.

Timişoara and Arad to be connected by motorway to Western Europe

The motorway Nădlac-Arad (39 km) will be completed in December, at the same time the Hungarians are expected to complete the motorway Mako-Nădlac (23 km), so for the first time two big cities in Romania, Arad and Timişoara will be connected by motorway to Western Europe.

Best Foods bought EUR 2.9 mil. plot of land in Bucharest from Spicul

The snacks producer Best Foods, owned by the businessman Epameinondas Ochonos, has bought a plot of land of 8,000 sq. m situated on Bucharest’s Timişoara Blvd. for approx. EUR 2.9 million from the insolvent bread producer Spicul, controlled by the businessman Gheorghe Ilie.

Bosch invested EUR 77 M in production centre in Cluj

Bosch has invested EUR 77 million in their research and production centre in Cluj, and the unit that started to operate and the end of last year is to be officially opened on May 9, announced the German corporation in a press release.

Okian invests EUR 500,000 into e-fulfillment platform

Okian, the company that runs the online book store Okian.ro, has launched, with EUR 500,000 investment, the e-fulfillment platform Frisbo, which is estimated to deliver orders of over EUR 1 million during the first year.

Craiova’s 1.5-litre EcoBoost engine will equip the new Ford Focus

The new Ford Focus, on sale from the second half of 2014, marked yesterday at Mobile World Congress in Barcelona, the European debut of SYNC 2, Ford’s advanced in-car connectivity system, as well as the new 1.5-litre EcoBoost petrol and TDCi diesel engines, a press release informs.

Dacia to start the production of Euro 6 engines at the end of the year

Dacia and the Renault Technology Centre of Romania (RTR), part of the Muntenia Auto Pole, yesterday signed two investment projects with the Management Authority for the Sectorial Operational Programme ‘Increase of Economic Competitiveness’ (POS CCE) that will support Dacia in testing the new engines.

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