Cargus, one of the largest players in the courier industry in Romania, strengthens its management team and appoints Nelu Gheorghiță as Chief Operations Officer (COO). In this position, Nelu Gheorghiță will coordinate the operational and logistical development of the company, having an essential contribution in keeping the delivery excellence at the high standards the local customers have been accustomed to, but also in accelerating the expansion of Cargus’ operations on international markets.
VGP NV, a European owner, manager and developer of high-quality logistics and semi-industrial real estate, published its annual report including its Corporate Responsibility report. The report focuses on the steady achievements and goals with regards to VGP’s ESG performance.
FrieslandCampina, one of the largest global companies in the dairy market, inaugurated on Thursday, May 4, its new logistics center in the Class A industrial park Mureș City Logistics, located in Cristești, near Târgu Mureș, therefore consolidating its operations in Romania.
The Romanian investors have made real estate acquisitions worth €1.1 billion in the last 5 years, having a share of 28% in the investment volume recorded during this interval. Therefore, they have been the most active buyers of income-producing real estate assets in Romania, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
Polish group Ferro, a manufacturer of equipment for sanitary and heating installations, will invest in a logistics hub in Romania after obtaining financing of EUR 15 mln from BRD. One-third of Ferro Group's deliveries will transit through the hub after 2024.
AQUILA, the market leader in the field of integrated distribution and logistics services for consumer goods, in Romania and the Republic of Moldova, with almost 30 years of experience in this industry concludes a long-term partnership with Hama, European leader in IT and Communications accessories.
During a tumultuous 2022, marked by global political and economic instability, the Romanian real estate market has been put though a set of trials, with some outperforming sectors while others struggling to adapt to changes which no longer seem temporary. 2023 has started on a temperately optimistic note, with an overall approach governed by cautiousness and well-thought business decisions.
SPEEDWELL, one of the major players on the Romanian real estate market, continues its ambitious expansion plans on the industrial-logistics segment with the acquisition of a new plot of land in Popesti-Leordeni, destined for the second SPACEPLUS development. The new light industrial building will be developed on a plot of 15,000 sqm and will offer a total rentable area of approximately 8000 sqm.
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