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Articles

CTP concludes purchase of Bucharest West Industrial Park

International investor and developer, CTP, has successfully concluded the purchase of the Bucharest West Industrial Park on the outskirts of Bucharest from Portland Trust. With the closing of this deal, CTP becomes the largest industrial developer on the Romanian market.

Ruukki factory in Giurgiu became temporary warehouse for eMag

Construction material producer Ruukki’s factory in Giurgiu, closed nearly one year ago, became temporary warehouse for eMag, the largest player in the local e-commerce.

German group invests EUR 10 mln to remove bad smell near tire plant in Romania

German car parts producer Continental Tires has completed an investment of EUR 10.5 million in its Timisoara factory for reducing the odours resulted in the production process.

Swiss group SAG buys majority stake in Romanian automotive distribution group

The Swiss Automotive Group (SAG) has bought a majority stake in Romanian Autonet group, an independent automotive spare parts distributor active in Romania and Hungary. The financial terms of the deal haven’t been disclosed.

Panattoni to join the industrial race to Romania

Panattoni Europe has hired a Romanian to begin the process of establishing the industrial developer in that country. Muler Onofrei, chosen by the Americans for the initiation of operations in Romania, has also established the local office for Prologis in 2006 and managed its activity for one year and a half. He was recruited by Panattoni Europe from the position of managing director for the Austrian developer Soravia Real Estate.

Toneli invests EUR 700,000 in chicken farm at Gaesti

Toneli Holding, local egg producer, has invested EUR 700,000 in a chicken farm at Gaesti, Dambovita county, company representatives announce. This investment increased the farm’s capacity to 18,850 egg-laying hens, producing about 14,800 eggs a day and around 444,000 eggs per month.

Dutch real estate developer buys 20 hectares near Bucharest

Dutch real estate developer CTP, which has become the largest owner of industrial-logistics spaces in Romania, recently bought 20 hectares of plot near Bucharest from the Italian group Cefin.

Romania’s industrial turnover stagnates in October 2015

In October 2015, Romania’s industrial turnover per total (domestic and non-domestic market), stayed in nominal terms at the same level compared with the previous month and increased by 0.5 percent compared with the similar month of the previous year, according to data with the National Statistics Institute (INS) released on Tuesday.

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