The local real estate developer and investor River Development announces the transformation of its current brand, River Development, into SEMA Real Estate.
River Development represented the identity of the developer for more than 20 years and supported the image of a prominent player on the real estate market in Romania. The rebranding marks a new stage for the company, reflects its natural evolution and brings more clarity to defining the communication pillars of our projects in the portfolio and in strengthening the brand positioning in the market.
Knauf Insulation, unul dintre cei mai mari producători de pe piața materialelor izolante, parte a Grupului Knauf, anunță finalizarea construcției fabricii de vată minerală de sticlă de la Târnăveni, cea mai modernă unitate de producție a companiei din Europa Centrală și de Est, ce va fi inaugurată până la finalul anului. Cu o investiție de aproximativ 140 de milioane euro, noua fabrică va avea o capacitate de producție de peste 100 milioane metri pătrați și va angaja peste 100 de persoane, de la muncitori calificați, la ingineri automatizare sau mentenanță.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has appointed Jovan Radosavljevic as its new Managing Director for Romania, in a significant move that will drive the business’s strategic growth in the country.
The local real estate developer and investor River Development announces the appointment of Ana-Maria Pascu to the position of Leasing Manager, starting September 2024.
Starting 1st September, Sinziana Pardhan has rejoined P3 in the role of Group Director Strategic Transformation and Sustainability, where she’ll be instrumental in driving the company's customer-centric approach and advancing the ESG agenda.
The first half of 2024 ended with real estate transactions totaling 419 million euros in Romania, which represents a two and a half times increase compared to the volume of the same period last year, according to the Colliers report on the evolution of the real estate market in the first semester of this year. The outlook remains favorable, and with a significant volume of ongoing transactions, including some recent ones where owners want quick completion, reaching the €1 billion mark in 2024 seems an achievable goal, Colliers consultants say.
VGP NV has announced results for the first half of 2024. Compared to the first half of 2023, profit before tax has increased by 218%. The company has also concluded a record volume of new rental contracts.
The Belgian group Puratos, a world leader in the production of raw materials for bakery, pastry and chocolate, is preparing to significantly expand its operations in Romania by building a new factory next to the existing unit in Tunari, in the north of Bucharest. The investment, estimated at 10 million euros, aims to double the production capacity and strengthen the position on the local market.
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