The constructor for the Pitesti-Craiova highway was selected by the National Road Agency, this being a critical infrastructure segment for the main investor in the area, the carmaker Ford.
DB Schenker, a global provider of transport and logistics services, announces the opening of a new 21,000 m2 logistics terminal in CTPark Bucharest West by the end of 2018.
Dunapack Rambox, the local subsidiary of Dunapack Packaging, part of the Austrian group of companies Prinzhorn, begins the construction of the new factory in Romania, on a plot of over 11 hectares of land in Bolintin, the Bucharest area, bought for the project at the end of last year.
WDP kicked off its Investor Day in Romania by announcing an additional investment volume of around 75 million euros, amounting to some 130,000 m² in property, both through new development projects and through acquisitions for existing and new clients. On completion, this new investment package will bring the total property portfolio to around 450 million euros, with projected portfolio investment growth approaching 500 million euros (or 15% of the total WDP property portfolio) by late 2019.
The CTP real estate developer, Romania's largest industrial and logistics manager, has signed a lease agreeement for an area of 9,000 square meters with Ursus Breweries within its second project developed in Cluj - CTP Park Cluj II.
The most recent results of the FIC Business Sentiment Index (carried out in September 2018) brings some important insights on both workforce and fiscal related topics. Still there is a continued dichotomy between FIC members expecting higher revenues and business growth in the short-term but being concerned about the lack of infrastructure and stability of the regulatory framework. FIC maintains its position that, in due time, the lack of predictability and of investments will reduce the economy’s competitiveness and long-term growth potential.
Elis Pavaje, the leader of the pavement and curbs market in Romania, completed the takeover of the Fruhwald concrete prefabs plant in Vintu de Jos. The acquisition value exceeds EUR 1,000,000 and assumed the takeover of the production unit including employees.
The year 2018 will most likely attract at least the same volume of real estate transactions as the previous year, about one billion euros, Savills consultants believe.
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