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Articles

Immofinanz sells logistics center in western Romania

Austrian real estate developer Immofinanz will put up for the sale the property Armonia in Arad, western Romania.

Car upholstery factory in Romania kicks off production

French car parts producer Faurecia will start the production in its new factory in Budesti, near Ramnicu Valcea, this week.

Shareholders of Industria Iutei rejected Bucharest plot sale to Dedeman

Shareholders of the manufacturer Industria Iutei Bucharest have rejected the proposal of sale of a 2.7 ha plot in Trafic Greu area of Bucharest to the DIY retailer Dedeman, owned by Adrian and Dragoș Pavăl.

Inteva Products Opens Second Manufacturing Facility in Romania

Inteva Products, LLC, a leading global Tier One automotive supplier of engineered components and systems, recently began operations in a new facility in Oradea, Romania.

Real estate transactions value in Romania registered 30 pct. growth in the first quarter, up to EUR 180 million

Real estate transactions value in Romania in the first quarter reached EUR 180 million, with more than a half, EUR 96 million, represented by office projects sales in Bucharest, shows a study of JLL.

Penny Market started the construction of a logistics centre near Bacău, an investment on EUR 19 million

Penny Market, part of the German group REWE, is building the network’s third logistics centre in Romanian near Bacău, being the first retailer in Romania to have such a project in the region of Moldova. The investment in acquiring land, developing the building and the specific equipments will reach EUR 19 million.

IMMOFINANZ with new leases of nearly 20,000 sqm for Bucharest office portfolio and extensions of 18,000 sqm

IMMOFINANZ, one of the most important office building owners in Bucharest, announces numerous new partnerships and extensions of agreements with tenants in the local office sector, accounting for a total of over37,000 sqm. The company has attracted new tenants for 19,200 sqm and has prolonged and extended existing contracts for over 18,000 sqm in seven of its class A office properties in Bucharest.

Romanian car producer Dacia sees record turnover in 2015

Romanian car producer Automobile Dacia recorded a turnover of over EUR 4.3 billion last year, up by 1.76% compared to the previous year. It is the highest turnover recorded by the company in its history.

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