VGP, a European provider of high-quality logistics spaces and semi-industrial real estate, marks a new stage in the development of VGP Park Timișoara by expanding the logistics park, with the construction of the eighth building. With a generous leasable area of 32,768 m², of which 11,575 m² are still available, this new building offers adaptable and efficient spaces to meet the diverse needs of clients.
IBB Holding Group, one of the leaders in Romania’s construction industry, has inaugurated a new concrete plant in Mogosoaia, in the northern area of Bucharest, following an investment of 7.5 million RON.
Symmetrica, the leader of the local tile market has constantly developed in its 30 years of activity, benefitting from national coverage by means of its ten production units. The company announced an investment of 50 million euros in the largest concerete tile factory in South-Eastern Europe.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has acquired from Globalworth, the leading office investor in Central and Eastern Europe (CEE), an industrial portfolio of 270,000 sqm GLA and 30ha landbank in six key locations in Romania.
Pavăl Holding, the investment vehicle of the brothers Adrian and Dragoş Pavăl, the owners of the DIY Dedeman network, recorded a net profit of 2.3 billion lei in 2023, 52% more than the previous year, according to data published by the Ministry of Finance.
Biopharma Plasma, a subsidiary of Biopharma Plasma Limited from Ukraine, will build a production unit in the Eurobusiness I Industrial Park in Oradea, located on Borsului street. This investment, worth at least 37 million euros, will occupy an area of 34,370 square meters.
The first quarter of 2024 ended with real estate investments in Romania totalling 202 million euros, up 69 percent compared to the first three months of 2023, with transactions in the retail segment accounting for around two-thirds of the volume, according to a Colliers report. Compared to the other five major economies (Bulgaria, Czech Republic, Hungary, Poland and Slovakia) in Central and Eastern Europe (CEE), Romania was the best performer in a context where market activity in the region was soft and transaction volumes reached one of the lowest levels in a decade.
DP World opens three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of European trade and enabling economic growth throughout the region.
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