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Warehouse Market News

Larger companies threatened by insolvency in Romania

A study by CITR shows that over 50 percent of companies of impact in the Romanian economy (having assets exceeding EUR 1 million) are in difficulty. Although the number of insolvency cases has declined in the past three years, over 50 percent of companies falling into insolvency reported a double loss and an increase in indebtedness in 2015 over 2014.

Dona pharmacies invest EUR 4 million in 7,000 sq. m in Chitila

The entrepreneur Eugen Banciu, the founder of the pharma group Dona, intends to complete the construction of a warehouse exceeding 7,000 sq. m by the end of this year.

A magnificent seven for CBRE at the 11th annual SEE Real Estate Awards

EuropaProperty has successfully completed its 11th annual SEE Real Estate Awards at the Radisson BLU Hotel in Bucharest, Romania. The awards gala was a great success and was well received by all winners and their guests.

Intermodal transport reduces costs in automotive industry

The automotive industry occupies a main part of the business of Tibbett Logistics in Romania, this sector generating in 2015 almost a quarter of the company’s total turnover, EUR 8 million respectively from the total of EUR 35 million registered.

Romanian businessman electric engine factory to Japanese company Nidec

Electric engine factory ANA Imep, controlled by Copos family, was taken over with majority stake by Japanese company Nidec Corporation, electric engine manufacturer with 49 years of history on Romanian and international markets.

Romanian power producer invests EUR 64.5 mln in plant refurbishing

Romanian state-owned electricity producer Hidroelectrica has asked its shareholders’s approval to start refurbishing the power plant at Mariselu, in Cluj county.

CTP reached a portfolio of 3.5 million sq. m rentable area

The developer and operator of logistics and industrial parks CTP announced the signing of 260,000 sq. m lease transactions in the first quarter of this year, reaching a total rentable area of 3.5 million sq. m in seven markets in Central and Eastern Europe, where the company is currently present.

P3 Logistic Parks’ CEO wins ‘Industry Professional of the Year’ 2016 CEEQA Awards

Ian Worboys, the CEO of P3 Logistic Parks, one of the leading pan-European logistics real estate owners, developers and asset managers, has won the prestigious 2016 ‘Industry Professional of the Year’ CEEQA award. The awards are held annually in association with the Financial Times and are attended by over 700 of the sector’s key influencers and business leaders from more than 50 countries.
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