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Warehouse Market News

Helios Phoenix takes out EUR21.3 mln loan to finance Romanian logistics parks

Greek industrial park developer Helios Phoenix got a EUR 21.3 million loan from Alpha Bank London to refinance its Olympian parks in Timisoara and Brasov.

Ford to produce new auto vehicle model in Craiova

Almost seven years after taking over Automobile Craiova, the company maintains its goal of producing 200,000 vehicles per year. In 2014 Ford will produce 60,000 B-Max units in Craiova, but the company is prepared to introduce a second type of auto vehicle in order to boost its annual production.

Bucharest logistics premises, among world’s lowest costs

Bucharest is one of the world’s cheapest destinations considering the occupancy costs of logistics premises, occupying the 27th place from89 markets, with the smallest growth forecasted for the next four years, according to DTZ study.

Compania E van Wijk rented 16,147 sq. m in Prologis Park Bucharest A1

Logistics operator Logistics E van Wijk rented 16,147 sq. m in Prologis Park Bucharest A1, representing the second largest transaction signed in 3Q in CEE by the American company Prologis, the owner of the project, according to Mediafax.

Azomures takes out EUR 75 mln loan for factory upgrades

Chemical company Azomures contracted a 10-year EUR 75 million loan which it will use to finance tech-upgrades for two ammonia plants, the company announced on Wednesday, writes Mediafax.

LED lighting systems made in Romania, exported to more countries

Electromagnetica, one of Romania’s largest producer of LED lighting equipment, has recently entered new foreign markets and plans to expand LED lighting system export to Morocco, France, Spain, Germany and Colombia, according to the company’s general manager Eugen Scheusan, cited by local Agerpres.

Băsescu rejects law concerning tax exemption for the industrial parks

According to a press release of the Presidential Administration, the law completes the Art. 20 (1) of the Law 186/2013 regarding the construction and functioning of the industrial parks, with the exemption starting from January 1st 2015 of the administrator and of the residents of the industrial park for the construction taxes included in the 1st Group from the Catalogue approved by the Government Decision no. 2,139/2004.

Cargus and Urgent Curier finalize merger

Courier service companies Cargus International and Urgent Curier, owned by investment fund Abris Capital Partners, will merge to become the second-largest player on the Romanian market, with a total turnover of RON 231.6 million in 2013, after FAN Courier.

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