CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, invests 15 million euros in the development of a new logistics park near Cluj-Napoca. CTPark Cluj II will be located in Florești and will benefit of a total leasable area of 29,000 m². The company already owns a logistics park in Cluj County, CTPark Cluj I, located in Apahida, with a leasable area of 23,000 m², completed last year.
Prime Minister Mihai Tudose met on Friday at Victoria Palace with a Ford delegation led by Vice President Andrew McCall, a meeting in which the head of the Romanian government promised the US company that the Pitesti - Sibiu motorway will be completed by the end of the mandate, together with the link between Piteşti and Craiova.
Caroli Foods Group, a company active in packaged meat products, was taken over by Sigma Alimentos after the Mexican company bought 51 percent of Caroli's shares, adding to the 49 percent stake it already owned through Campofrio Food Group, according to a press release.
Reynaers Aluminum, the aluminum company, has relocated its business in Romania to one place and plans to open a new showroom in the centre of Bucharest.
GF Automotive, a division of the Swiss group, Georg Fischer (GF), has reached an agreement to buy Eucasting Ro, specializing in casting light non-ferrous metals, with factories in Pitesti and Scorniceşti.
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, invests approximately EUR 18 million in the purchase of two properties in Ineu and Salonta from the Slovak-based company IPECGroup. Together, the properties comprise a total land area of 119,000 m², and 37,000 m² GLA. CTP’s two new logistics parks are situated in key strategic locations from the Western part of Romania: Ineu, in Arad County - an important industrial centre and transportation hub in the region - and Salonta, situated in Bihor County, very close to the Hungarian border. The two properties are the basis of the new CTPark Ineu and CTPark Salonta, and are part of CTP’s long term vision to grow and, in the same time, to consolidate its position as the player with the most important logistics portfolio at national level.
Romania's industrial and logistics sector will record a record level of deliveries of approximately 480,000 square meters this year, while in the retail market the deliveries of new spaces will be at a minimum of the last 14 years with a level of about 70,000 square meters, according to a new study published by Cushman & Wakefield Echinox.
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