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Warehouse Market News

PASTE BANEASA leases 5,000 sqm within ELI PARK 1

Pasta producer Baneasa, market leader in Romania and the Balkans, has leased 5,000 sq. m within ELI PARK 1, announces Element Industrial, the developer of the project.

Nestlé will close its factory in Timisoara in 2019

The Nestlé factory, which claimed one of the oldest large foreign investments in Timisoara, will be closed by the end of May, 2019.

One step ahead in the construction of Craiova-Pitesti Expressway

The Ministry of Transport published a draft Government decision to expropriate the buildings on the corridor of the future Expressway Craiova-Pitesti after the contracts for the design and execution of three lots of the project were signed.

The Europharm medicines factory in Braşov restarted production, run by two local investors

The brothers Attila Santa and Nandor Santa, who took over at the end of 2017 the Europharm medicines factory in Braşov, closed in December 2015 by the British at GlaxoSmithKline (GSK), started production and are selling to pharmaceutical companies in the EU, but also to extra-community customers.

MLP Group launched the construction of a logistics park in Romania

MLP Group commenced the construction of its first logistics park in Romania. Work on a 12,000 m2 facility is currently underway. In total, over 22,000 m2 of modern warehousing space will be constructed at this stage of the project.

Former Textila Dacia factory in northern Bucharest is still for sale

The Transilvania Insolvency House (CITR) sells the land belonging to the former Textila Dacia factory in Bucurestii Noi, an area of over 52,000 square meters, with potential for a large real estate project.

Soceram to invest 20 million euros in the new building materials factory in Cordun, Neamt

Soceram building materials producer will inaugurate, by the end of this year, the new BCA factory currently in development in Cordun (Neamt County).

M&A market in Romania in 2019: 100 transactions, NPLs will continue to decline

The merger and acquisitions market will total around 100 transactions in 2019, keeping a similar trend to that of the 2008-2018 period, according to Deloitte Romania.

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