REHAU Romania, a German provider of solutions for windows, installations and furniture, continues to expand its activity locally and will make an investment of approximately 10 million euros in Sibiu County.
The Romanian real estate investment market grew in 2020 despite the pandemic context and closed the year with a total value of investment transactions worth almost 900 million euro, which represents almost 8.5 percent of the total 10.4 billion euro investment volume recorded by the 6 largest countries in Eastern Europe, according to Colliers latest report.
Real estate investors in Europe are increasingly targeting large cities and assets minimally disrupted by the health crisis which ensure stable incomes, such as logistics and residential, according to the Emerging Trends in Real Estate 2021 report produced by PwC and the Urban Land Institute.
The distributor of veterinary medicines and services Vetro Solutions is investing 4.5 million euros in a veterinary medicine factory, which will be built in Iasi until 2021, according to a company announcement.
Deloitte Romania and Reff & Associates, the law firm representing Deloitte Legal global network in Romania, provided assistance to Haier Tech, a Romanian company belonging to the Haier Group, in the project for building in Prahova county the first Haier’s refrigeration factory in the European Union. After assisting Haier Tech in obtaining the financing agreement for state aid in December 2019, Deloitte’s Management Consulting practice is now advising Haier Tech in the implementation of the large investment project that exceeds EUR 53 million, for which the state will provide aid of EUR 25 million.
eMAG, the leader of the local online retail market, will invest 90 million euros in a new logistics center, at km 19 of the A1 motorway, which will cover an area of 130,000 square meters. Construction work will begin this month and will be completed in September next year, and all automation and technology will be operational by July 2022.
TP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, continues its expansion in Romania by developing a new logistics park in the Northern part of Bucharest - CTPark Bucharest North. The park, located in Ștefănești, Ilfov County, has a total area of 21 ha and has a large opening with a great access to the Bucharest Ring Road, close to A3 Highway, which makes it extremely easy to reach and transit. The total value of the investment in the new logistics park amounts to EUR 65 million.
Continental Automotive Systems has started the works to expand the research and development center in Timisoara. The investment in the new building amounts to over 33 million euros.
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