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Articles

A new industrial park of minimum 10 hectares in Botosani, North-Eastern Romania

The mayor of Botosani, Ovidiu Portariuc, announces a future investment in an industrial park in the village of Bucecea, which will occupy an area of minimum ten hectares of land.

WDP bought a warehouse in Clinceni and took EUR 25 million loan for Romania

Warehouse & Distribution De Pauw (WDP), controlled by one of the richest families in Belgium, bought a warehouse and office facility of 10,000 sq. m situated in Clinceni in western Bucharest, for EUR 5 million. The space will be leased to Quehenberger Logistics.

Turkish ETI invested EUR 22 million in Craiova factory and still has 40 pct. of the project to be completed

Turkish group ETI, which has an ongoing investment of nearly EUR 40 million in Craiova, has completed by the end of last year 57 pct. of the project and invested EUR 22 million, according to data from the Ministry of Finance.

Austrian investment fund took over two factories in Romania

Two factories, producing doors and windows, from Ilfov and Pra­hova counties in Romania, were bought by the investment fund CEE Special Situations Fund, mainly financed by EBRD and a division of World Bank.

Valeriu Toma joins CTP team in Romania as Head of Property Management

Industrial and logistics real estate developer and investor CTP announces the appointment of Valeriu Toma within its Romanian team, as Head of Property Management, in charge with the development of CTPark network.

Reynaers Aluminium Romania expects 15 pct business growth this year

Reynaers Aluminium Romania forecasts a 15 percent increase in turnover for 2016, to EUR 8 million, after ending last year with a EUR 7 million turnover, according to a company statement, a whopping 75 percent above 2014.

Romania’s Pitesti-Sibiu motorway to be ready by 2021, says minister of Transport

The new completion deadline for the Pitesti-Sibiu motorway is 2021, two years earlier than the previous 2023 predictions, after the specially designed unit for the implementation of this project found solutions for advancement, according to Dan Costescu, the minister of Transport, speaking before the Senate, as cited by Agerpres.

Take-up on the industrial market in Romania will remain constant this year

The gross take-up of industrial spaces (including relocations, renegotiations and extensions) will be similar this year to the take-up registered in 2014 and 2015, mainly from logistics companies in Bucharest and automotive companies in the rest of Romania, the level of rents being constant at EUR 3.5-4 / sq. m/ month.

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