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CTP wins major prizes: Best Warehouse Development and Developer and Industrial Developer of the Year

CTP, the largest developer and long-term manager of premium industrial and logistics parks in Romania and Central and Eastern Europe, reconfirms its leading position in the local market by winning two major prizes for the real estate industry: Best Warehouse Development and Developer of the Year and Industrial Developer of the Year.

New 3.3 km segment of Bucuresti-Ploesti higway opened to traffic

National Company for Road Infrastructure Administration (CNAIR) has opened the 3.3 kilometer segment of the Bucharest - Ploiesti Motorway, built by the Greek constructor Aktor.

Foreign direct investment up by 9.74% in the first 10 months of 2018

Foreign direct investment registered a growth of 9.74% in the first 10 months of this year, compared to the same period in 2017, to 4.561 billion euros, according to data from the National Bank of Romania (BNR).

Volkswagen chose Turkey for the new factory, to the detriment of Romania and Bulgaria

Volkswagen AG is preparing to make a major investment in Turkey as part of the expansion plan in Eastern Europe, chosing between the possible destinations for a new factory previously announced to be Romania, Bulgaria and Turkey.

Galeria Mall in Constanta reconverted to logistics center with an investment of 4 million euros

The company Bere Bauturi Bucuresti (BBB) bought the former shopping center Galeria Mall in Constanta to turn it into a logistics center for its beverage distribution activities.

The Bucharest metro will be extended to the Berceni area towards the ring road

Metrorex and the City Hall of Sector 4 Bucharest concluded a protocol for the extension of the Metro Line 2 in the Berceni area with a new above the ground station.

Developer P3 Logistic Parks has bought a 16 hectare plot for a new logistics park near Bucharest

P3 Logistic Parks, the investor and pan-European developer of logistics properties, acquired a 16 hectare plot of land in Dragomiresti Vale, in order to develop a new logistics park serving logistics activity on the northwestern outskirts of Bucharest.

Value of real estate transactions in Romania exceeded 4 billion euros over the past five years

On the local real estate market, revenue-generating property transactions worth more than 4 billion euros over the last five years have been signed, the most active buyers being South African investors, with a market share of 28%, followed by by Greek investors (14%), French (10%) and Romanians (7%), according to a study conducted by the real estate consultancy firm Cushman & Wakefield Echinox.

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