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Warehouse Market News

Czech developer puts EUR 35 mln in two new buildings in Bucharest

Czech developer P3 Logistic Parks will construct two new buildings in the logistic park Europolis, in an investment worth EUR 35 million.

US company buys weapons factory in Romania

A yet unnamed US company has acquired and plans to re-open the local weapons factory Uzina Mecanica Dragasani, located in the Valcea county, Alexandru Uta, Stefanesti mayor, told local Agerpres.

Romania, the lowest drop in industrial production prices in the EU

Industrial production prices decreased by 1.5% both in the Eurozone as well as in the rest of the European Union (EU) in December 2014 compared to December 2013, but Romania saw the lowest drop in these prices in the EU, of minus 0.5%, show the data released on Tuesday by the European Statistical Office (Eurostat).

Turkey’s Kastamonu invests 70 million lei in an adhesive factory in Reghin

The company Kastamonu Romania (former Prolemn) from Reghin, controlled by the company Kastamonu Entegre, one of the most important players in wood industry from Turkey, will start this year an investment project of approx. 70 million lei (EUR 15 million) for the construction of industrial adhesives factory.

State Assets Management Authority plans to privatize 35 companies this year

The State Assets Management Authority (AAAS) plans to privatize 35 companies this year, after having concluded in 2014 nine stock sale contracts, shows data supplied at the request of Agerpres.

Ireland’s CRH to buy Lafarge Romania’s assets as part of global merger with Holcim

Irish building supplies group CRH will pay a total of EUR 6.5 billion (USD 7.4 billion) to buy assets belonging to Swiss Holcim and French Lafarge in order for the two giants to obtain regulatory approval for their planned merger, it was announced on Monday.

P3 Completes Acquisition of 467,000 m2 of Warehouses from CA Immobilien

P3 Logistic Parks, the specialist owner, developer and manager of European logistics properties,has completed its acquisition of two logistics parks in Poland and one in Romania, with a combined total of 467,000 m2 of lettable space, from CA Immobilien Anlagen AG.

American electronics group to open new factory in Romania

American electronics producer Kimball Electronics plans to expand its capacity in Europe by opening a new plant in Romania.

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