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Warehouse Market News

Dutch real estate developer buys 20 hectares near Bucharest

Dutch real estate developer CTP, which has become the largest owner of industrial-logistics spaces in Romania, recently bought 20 hectares of plot near Bucharest from the Italian group Cefin.

Romania’s industrial turnover stagnates in October 2015

In October 2015, Romania’s industrial turnover per total (domestic and non-domestic market), stayed in nominal terms at the same level compared with the previous month and increased by 0.5 percent compared with the similar month of the previous year, according to data with the National Statistics Institute (INS) released on Tuesday.

Helicopter producer, EUR 53 mln contract from the Romanian Defense Ministry

Romania’s Defense Ministry has attributed the helicopter producer IAR Brasov a contract of EUR 53.2 million (VAT included) to repair the IAR-330 Puma Socat helicopters of the Romanian Air Forces.

Vabeld to build 25,000 sq. m warehouse for Fashion Days

Belgian company Vabeld will develop an warehouse exceeding 25,000 sq. m for the online retailer Fashion Days, which will be built by AIC Industrial&Logistic Development on the land bought by Vabeld near the A1 highway Bucharest-Pitesti.

Vabeld bought two warehouses and 15 ha land from former Cefin Real Estate shareholders

Belgian real estate investor Vabeld has bought from the former shareholders of Cefin Real Estate, the real estate division of the Italian group Cefin, two logistics warehouses situated at the Bucharest exit to Pitesti. This is the company’s second acquisition since its entrance on the local market this summer.

Nestlé put on sale several warehouses and lands in Romania

Nestlé put on sale plots in seven Romanian counties, totalizing an area of nearly 10,000 sq. m, according to ZF calculations.

Italsofa, part of Natuzzi group, to invest EUR 6-8 million in Baia Mare factory

Sofa manufacturer Italsofa Romania, parte of Italian group Natuzzi, plans to invest in the following years EUR 6-8 million in modernization of Baia Mare factory production, part of the financing being granted by EximBank.

Siniat closes Bucharest factory and Nucsoara quarry in 2016

Siniat Romania, manufacturer and supplier of plasterboard systems and plasters, announced it would close its factory in Bucharest and quarry in Nucsoara as part of a plan to concentrate production in its recently opened Turceni factory.

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