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Warehouse Market News

CTP acquires Hungarian portfolio

International investor and developer CTP, has successfully concluded the purchase of a portfolio of industrial real estate in Hungary. With this acquisition, CTP further increases its footprint in central Europe, with a Total Rentable Area exceeding 3,250,000 m² as of 1st January 2016.

Industrial real estate developer CTP invested EUR 300 million in Romania in one year

Industrial real estate developer CTP has invested last year EUR 300 million in development and acquisition of logistics projects in Romania and will continue over the following years the expansion on the local market by organic growth and acquisitions, has declared for MEDIAFAX Remon Vos, the company’s CEO.

Romanian factory in Resita gets order for 1 million bicycles

VeloCity company’s officials state that the plant has orders for 1 million two-wheeled vehicles in the next two years.

Eurobusiness Parc Oradea starts building industrial facilities

In 2016, Eurobusiness Parc Oradea will be transformed to SC Agenția de Dezvoltare Locală (ADL) SA and will start the construction of industrial warehouses based on the solid requests received from the companies, has announced Delia Ungur, director of the city industrial parks.

Auto parts represented almost half of the total exports in 2015 in Romania

The products of the machinery industry represented 45.8% of the total of exports in the first nine months of 2015, with over 18.7 billion euro worth, the data published by the Ministry of economy, commerce and relations with the business environment (MECRMA) shows.

Saint-Gobain Construction Products Romania closes Ploiesti plant

Saint-Gobain Construction Products Romania – Business Unit Isover announced the closing of its Ploiesti plant, leading to the redundancy of 42 employees, according to Profit.ro website.

Real estate transactions registered EUR 800 million last year, below the level of 2014

Romania attracted in 2015 real estate transactions with a total value of nearly EUR 800 million, down compared to 2014, when EUR 1.15 billion real estate projects were transacted, including offices, retail, and industrial properties.

Industrial facilities market: Romania starts to be preferred instead of Poland and Czech Republic

On the industrial segment we assist to a growth, mainly in the production area, being a certitude that in 2014 Romania started to be preferred instead of Poland or Czech Republic, due to lower labour costs, qualified personnel and level of instruction.

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