One year after being listed on the Bucharest Stock Exchange (BVB), Aquila, the market leader of integrated distribution, logistics and transport solutions in FMCG, announces during the Investor’s Day that it reached storage capacities of over 124,000 pallets, and the fleet exceeds 1,600 vehicles, which allow the sale of a wide range of products, from ambient to frozen ones.
DP World Constanta, a Romanian subsidiary of United Arab Emirates-based logistics company DP World, said on Friday it is investing 75 million euro ($77.84 million) in the port of Constanta.
CTP, continental Europe’s largest listed owner, developer and operator of logistics and industrial real estate by gross lettable area, has welcomed Germany’s Diehl Controls, a leading global high-tech manufacturer, as the maiden tenant at its new 50,000 sqm business park at the city of Brașov in central Romania.
CTP, the largest owner and developer of industrial and logistics space in Romania, has extended its partnership with QeOPS, one of the leading providers of e-fulfillment services and customized logistics solutions in Romania. With this expansion, QeOPS has increased its occupied warehouse space in CTPark Bucharest to approximately 15,000 sqm.
ORESA INDUSTRA announces the expansion of the area of the SOLO logistics park in Letcani commune, Iași county, which will reach over 35,000 m2 in the second half of 2023. After obtaining the construction permit, the company will build a new warehouse of 10,000 m2, available for rent to companies national and international with local logistics needs.
Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector and who are now targeting “trophy” assets.
The demand for logistics and industrial spaces is close to registering a new record in 2022, a matter which is reflected in the vacancy rate, a rate of 4.3% (one of the lowest in the last decade) at the end of Q3, according to the Cushman & Wakefield Echinox real estate consultancy company.
Finland-based group Nokian Tyres announced that it will invest some EUR 650 million in a new car tire factory in Romania that will become operational at the end of 2024. This is one of the biggest investments announced in Romania’s automotive sector in recent years and will consolidate the country’s position as a tire manufacturing hub.
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