CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues its accelerated growth by acquiring a logistics park, situated in the vicinity of Bucharest, Chitila Logistic Park (CLP). The transaction was concluded in September and the value of the investment reaches EUR 17.3 million. CLP has been purchased from UBM Development, the leading European real estate developer. This acquisition is part of CTP’s strategy of reaching a total leasable area of approximately 1 million m² in Romania by the end of 2018.
The first sector of the Comarnic - Braşov highway, between Rasnov and Cristian, will be executed by Alpenside - Specialist Consulting Association, based on a contract signed on Monday, worth 118 million lei.
According to the study by Euler Hermes, the automotive industry is one of the main pillars of the Romanian economy, employing over 150,000 people and contributing to 47% of exports in 2016.
The PVC processor and main materials producer for constructions market, Teraplat group, received the approval from the Competition Council to take over Politub, which operates in the water and gas pipes market.
Caroli Foods Group, a leader in the local meat processing market, has contracted a credit facility of 23 million euros from a bank syndicate formed by BCR and BRD. The two banks contributed equally to this funding.
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West, which is designed to become the largest logistics park in Eastern Europe, with the fastest growth rhythm in Romania. The total investment in the CTPark Bucharest West will exceed 150 million euros by the first quarter of the next year
Chinese group WH will acquire two Romanian companies producing and selling cold meats- Elit SRL and Vericom SRL - the value of the transaction is not published, Reuters reports.
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