The European Commission has approved an investment worth 875.5 million euros for the first stage of construction of the Sibiu-Pitești highway. This is one of the most awaited infrastructure projects in Romania, the financing of almost 900 million euros being provided from the Cohesion Fund.
The recent transactions closed in the last weeks, with a total value of 400 million euros, demonstrate that the investment market in Romania remains strong and attractive even in the Covid-19 pandemic period, Romania no longer being just seen as just a fringe market of Central Europe, according to Cushman & Wakefield Echinox real estate consultants.
The volume of industrial and logistics spaces rented in the first half of the year totaled almost 250,000 square meters, a level slightly higher than that recorded in the corresponding period last year, of approximately 240,000 square meters.
The retailer has in its portfolio a store, the office building of the headquarters and a warehouse with the highest scores in Romania, according to BREEAM International New Construction standards.
Emerson, the global technology, engineering and production company based in the USA, is expanding its investment and presence on the market in Cluj-Napoca, Romania.
Deloitte Romania and Reff & Associates, the law firm representing Deloitte Legal global network in Romania, provided assistance to Haier Tech, a Romanian company belonging to the Haier Group, in the project for building in Prahova county the first Haier’s refrigeration factory in the European Union. After assisting Haier Tech in obtaining the financing agreement for state aid in December 2019, Deloitte’s Management Consulting practice is now advising Haier Tech in the implementation of the large investment project that exceeds EUR 53 million, for which the state will provide aid of EUR 25 million.
At the end of 2019, Yale Europe Materials Handling launched the state-of-the-art expansion of its product range with the introduction of four new low-intensity forklifts. After studying current market trends, Yale discovered a demand for materials handling products that are designed to provide high levels of efficiency and productivity, but are only used for short periods at a time.
Colliers International has monitored construction works, from foundation to delivery, for projects with almost 750,000 square meters in the last 5 years, of which three quarters in the industrial area, almost 20% in the office area and 5% in the residential area.
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