OTP Real Estate Investment Fund has acquired a high-value logistics property within the Industrial Park of Győr. The 30-thousand-square-metre warehouse is fully utilized due to its high quality, state-of-the-art infrastructure and strategic location. Among its tenants there are domestic as well as multinational companies. The purchase is part of a portfolio optimization strategy, by which the Fund aims to increase the yields of the OTP Real Estate Investment Fund.
Reynaers Aluminium Romania, active in the construction sector across Europe, stated that 60 percent of the products sold locally are absorbed by office projects.
The European Commission has approved the first stage of a major project for the the construction of a ring road of Suceava in Romania, part of the TEN-T core network, a statement by the regional office shows. The project is worth about EUR 52 million, of which nearly EUR 44 million will come from the Cohesion Fund.
Porcelain products manufacturer Apulum from Alba Iulia, one of the main local suppliers of the Swedish group IKEA, registered a turnover of nearly EUR 7 million in the first quarter, 40 pct. more than the same period of last year, sustained by the production capacity increase.
The name of American Tesla Motors, the developer of electric vehicles, has been mentioned by the Romanian minister of Economy, Costin Borc, when he was asked if green car manufacturers were interested in opening a plant locally.
Brick manufacturer Wienerberger România bought the brick factory in Buzău from the company Search Chemicals, own by the Turkish businessman Omer Susli, who bought in 2014 the DIY network Praktiker. The transaction included the company’s assets and a clay quarry.
The real estate development company Globalworth, founded and leaded by Ioannis Papalekas, has increased with nearly 55 pct. its portfolio value compared to 2014, reaching an estimated value of more than EUR 930 million in the end of last year, according to the company report published on London Stock.
The highway network in Romania was expanded last year with 64 km, up to 747 km, while 10,584 of county and village roads and 15 km of national roads are still dirt roads, according to data published by the National Institute of Statistics (INS).
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