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Warehouse Market News

Global Vision to develop Black Sea Vision, an industrial project of 200 million euros located in Constanta

The Global Vision developer, controlled by Romanian businessman Sorin Preda, bought last year a nearly 100-hectare plot near Constanta Port and started the procedures to develop an industrial project with an estimated value of 200 million euros.

The local market of industrial and logistics spaces exceeded the threshold of 3 million sqm

The local market for industrial and logistics space has reached a new threshold reaching mid-2018 at 3.12 million square meters, with nearly 90% of the current stock concentrated in Bucharest and five other cities, namely Timisoara, Cluj, Ploiesti, Brasov and Pitesti, according to the Romania Industrial & Logistics Market S1 2018 report by Cushman & Wakefield Echinox.

Alka Group - an investment of 11.5 million euros for a new factory in Ploiesti

With an investment of more than 11.5 million euros, Alka Group has started the construction of new production unit for salted biscuits and snacks, located in Ploiesti.

Sibiu-Pitesti highway construction could take over 4 years

Transport Minister Lucian Sova says that the completion of the Sibiu-Pitesti highway, one of the most anticipated infrastructure projects, could take over four years, a project he described as an "equation with many unknowns".

Romcarbon sold 7 hectares of land in Iasi to Flux Real Estate

Romcarbon Buzau signed a EUR 2.4 million contract for the EUR 7.3 million transaction announced in the spring, selling to Office & Logistics, part of the Flux real estate group, a plot of land with an area exceeding 7 hectares.

Austrian group Voestalpine has bought the majority stake of a local company of a German group with factories in Romania

The Austrian group Voestalpine bought the majority stake in Travertec Buzau, a subsidiary of German Rail.One, with a turnover of almost 10 million lei last year.

Local entrepreneur Dragoş Irimescu invests 1.8 million euros in a natural stone processing plant

After 18 years of dedication to Depaco, which owns the Wetterbest metal tile brand and the sale of the majority stake to the TeraPlast industrial group, engineer Dragoş Irimescu chose to invest in a natural stone business (marble, granite, travertine).

Olympus invests over 20 million euros in a new production line

Olympus, one of the largest dairy producers in Romania, is expanding its portfolio of products through an investment of over 20 million euros.

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