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Articles

Romanian businessman electric engine factory to Japanese company Nidec

Electric engine factory ANA Imep, controlled by Copos family, was taken over with majority stake by Japanese company Nidec Corporation, electric engine manufacturer with 49 years of history on Romanian and international markets.

Romanian power producer invests EUR 64.5 mln in plant refurbishing

Romanian state-owned electricity producer Hidroelectrica has asked its shareholders’s approval to start refurbishing the power plant at Mariselu, in Cluj county.

CTP reached a portfolio of 3.5 million sq. m rentable area

The developer and operator of logistics and industrial parks CTP announced the signing of 260,000 sq. m lease transactions in the first quarter of this year, reaching a total rentable area of 3.5 million sq. m in seven markets in Central and Eastern Europe, where the company is currently present.

P3 Logistic Parks’ CEO wins ‘Industry Professional of the Year’ 2016 CEEQA Awards

Ian Worboys, the CEO of P3 Logistic Parks, one of the leading pan-European logistics real estate owners, developers and asset managers, has won the prestigious 2016 ‘Industry Professional of the Year’ CEEQA award. The awards are held annually in association with the Financial Times and are attended by over 700 of the sector’s key influencers and business leaders from more than 50 countries.

Construction of Western Bucharest Ring Road passage postponed

Nearly half of year after the appointment of the constructor following a bid for a passage in Domnesti, near Bucharest, the bid process is started again, instead of commencement of works.

Nearly EUR 1 million investments in Fornetti factory from Timisoara

Fornetti group invested nearly EUR 1 million in the modernization of its factory in Timisoara and the acquisition of 38 vehicles for the transportation of the products in the country. The investment is part of a development program of EUR 2 million, started six months ago, also including a new furniture factory in Hungary.

Sema Parc – An important landmark on the new office axis Semanatoarea-Orhideea-Politehnica in Bucharest

Sema Parc is one of the first office and industrial destinations in Bucharest. Considering its location, as well as the quality of the additional services offered, Sema Parc is definitely one of the most representative industrial parks in Bucharest. Developed on a part of Semănătoarea factory platform, Sema Parc offers its tenants all necessary facilities for commercial, office, storage or production activities.

IMMOFINANZ announces the acquisition of 26 pct. of shares in CA Immo and the beginning of the merger process between the two companies

With share purchase agreement dated 17 April 2016, IMMOFINANZ AG has agreed to acquire 25,690,163 bearer shares (corresponding to a participation of approximately 26%) in CA Immobilien Anlagen Aktiengesellschaft (“CA Immo”) from Terim Limited (Cyprus) and 4 registered shares in CA Immo from O1 Group Limited (Cyprus).
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