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Articles

IMMOFINANZ with significant increase in office portfolio occupancy: plus seven percentage points to 82%

IMMOFINANZ raised the occupancy level in its office standing investments by roughly seven percentage points to nearly 82% by the end of the 2015/16 financial year (as of 30 April 2016). Rentals in the office segment totalled approx. 388,000 sqm, or 29% of the total area, according to preliminary numbers.

Bauelemente completed EUR 3.5 million investment in Ploiești factory

Bauelemente, manufacturer of precast concrete, part of Baupartner group, owned by German businessman Michael Dietrich, has completed an investment of 3.5 million Euros in a factory near Ploiesti, where it will expand production of prestressed concrete poles for agriculture .

Developer WDP builds new factory in Romania for Japanese car parts producer

Belgian real estate developer WDP will build a new factory in Braila, east of Romania, for the Japanese car parts producer Yazaki. The investment amounts to EUR 14 million, according to the developer’s Q1 financial report.

Real estate and manufacturing, first on investors’ radar in 2015 in Romania

Manufacturing, real estate, banking and IT sectors were last year the stars of the mergers and acquisitions market in Romania, with more than half of the total registered transactions in 2015.

Brașov Milk Factory gets EUR 3 million loan from Bancpost

Brașov Milk Factory, local producer of Olympus and Oly brands, takes EUR 3 million loan from Bancpost in order to finance current needs, according to a shareholders’decision.

Daimler builds new factory in Poland, not Romania

German car producer Daimler has chosen to build its new engine plant in Jawor, Poland, instead of the Romanian town of Sebes.

Industrial production prices grown by 0.4pc in March against February

The industrial production prices on the domestic and external market have grown by 0.4 percent in March as compared to February, but as against the same month of 2015 they recorded a drop by 3.4pc, the National Institute of Statistics (INS) says in a release.

Local outsourcing logistics services market reached EUR 10 million in 2015

The Romanian e-fulfillment market – the service which takes over the entire operational and logistics segment of an online business – has reached last year nearly EUR 10 million and this value is expected to double this year, according to the representatives of Frisbo, the local company offering this type of logistics services for the online retail market.

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