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Warehouse Market News

Prologis CEE Announces Promotions in the Czech Republic and Poland

Prologis, Inc. (NYSE: PLD), the global leader in industrial real estate, announced today that it has promoted four employees working in the CEE region.

Immofinanz exits logistics market in Poland, Czech Republic; will focus on Romania, Germany, Russia

Austrian group Immofinanz, one of the largest property investors on the Romanian market, sold two logistics projects in Poland and the Czech Republic for EUR 33.2 million, and announced it will focus on developing such projects in Germany, Romania and Russia, the company’s representatives said.

Siemens finalizes Romanian software producer takeover

Siemens Romania has finalized the takeover of software producer LMS România SRL Braşov, which will be re-branded as Siemens Industry Software.

Japanese group Marubeni to build new gas power plant in Romania

Japanese group Marubeni Corporation recently signed a contract with Romanian state owned electricity producer Electrocentrale Bucuresti (ELCEN) to build a 250 MW gas power plant in Fantanele, Mures County, in the Transylvania region of Romania. The total investment will stay at about EUR 170 million.

Romania to receive EUR 7.2 bln in EU funds for infrastructure

Romania will receive EUR 7.2 billion in funds from the European Union by 2020 to invest in is railway and road infrastructure, according to Ioan Rus, minister of Transport, writes economica.net.

Head of Holcim Romania: We’re selling our assets at a fair price, not a discount

Francois Petry, manager for Holcim Romania, says that assets put on the selling block for his company in light of the upcoming merger with Lafarge have already attracted interest.

The number of transactions with lands has increased in H1, and the value reached over EUR 50 million

The number of transactions with lands for real estate developments, retail and production spaces has increased this year, registering 15 large transactions nationwide, totalizing 630,000 sq. m, with a value exceeding EUR 50 million, according to the real estate consultant CBRE.

Romanian-Hungarian accord to conclude 20 road connections

Deputy PM and Minister of Regional Development and Public Administration Liviu Dragnea and Minister of National Development of Hungary Sesztak Miklos signed on Thursday the Agreement between the Romanian Government and the Hungarian Government regarding the road connections over the shared state border.

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