Symmetrica, the local market leader in vibropressed concrete pavers and kerbs and the largest domestic manufacturer, announces the launch of a new production unit following an investment of €7 million. The new factory, located in Ovidiu town, Constanta county, is the company’s new manufacturing unit and the first in the South-East of the country.
MLP Group has just launched a project to expand the MLP Bucharest West logistics park. The new building of about 16,000 sqm, being developed on a speculative basis, is scheduled for completion by the year’s end.
The first quarter of 2023 closed with a total value of investment transactions worth 120 million euro in Romania, almost double compared to the first three months in 2022, with industrial and logistics accounting for about 50% of volumes and office for approx. 40%, reveals Colliers in its latest “CEE Investment Scene Q1 2023” report.
Belgrade is the only metropolis in the region between Milan, Budapest, Istanbul, and Athens. "Nikola Tesla" Airport reached over 6 million passengers last year. Office space buyers are more and more demanding!
SPEEDWELL, one of the most active players on the Romanian real estate market, announces the start of the construction works for the second phase of development for SPACEPLUS West project.
Lödige Industries, a leading provider of logistics systems, is significantly expanding its capacities in Brasov, Romania. Plans call for a near doubling of the production area to more than 4,000 square meters. Additional office and sanitary facilities are also being built. Construction has begun at the end of the first quarter of 2023. Production operations in the new building are expected to start as early as the end of this year.
MLP Group enjoys a very good financial standing and a safe capital structure enabling the implementation of long-term strategic goals. This is confirmed by the results announced for the first quarter of 2023. During the period, consolidated revenue rose 51% yoy, to PLN 94.7 million, driven by increases in both leased area and rental rates. At the same time, the Group’s EBITDA (without revaluation of investment properties) improved by 59%, to PLN 47.8 million. In the first quarter of 2023, MLP Group earned a net profit of PLN 26.1 million. Since the beginning of the year, the Group’s net asset value (NAV) has gone up 1%, to more than PLN 2.5bn. The value of investment property also rose 1%, to close to PLN 4.5bn.
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