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Warehouse Market News

Blackstone’s Logicor buys Polish industrial from Standard Life

Logicor, Blackstone’s Polish logistics arm, acquired a portfolio from Select Property Fund, owned by Standard Life Investments, in a deal reportedly worth €118.2m.

FrieslandCampina to close its cheese factory in Carei and to relocate its activity in Cluj district

FrieslandCampina will close its cheese factory in Carei and will focus its production in the factory from Baciu, Cluj district, where cutting and packaging operations will be relocated from the unit in Targu Mures, according to a press release of the company.

Pheonix Real Estate sold the logistics park in Clinceni, rented by Nestle, for EUR 12.6 million

Greece’s Phoenix Real Estate has completed the sale of Innovations logistics park near Bucharest to the investment company Secure Property Development & Investment, for EUR 12.6 million.

Continental to add 1,500 people to its roster over the next few months

Continental announced that it will be hiring 1,500 people over the next months, to fuel its production, research and development activities, according to Capital. ro

Nestle invested over EUR 10 million in Timisoara factory since Joe takeover 14 years ago

Nestle, one of the world’s largest food producers, invested in Romania more than EUR 10 million in the development of the factory in Timisoara, since the takeover of Joe in 2001, amount which does not include the acquisition value of the facility in Western Romania.

Industrial park in Ramnicu Sarat?

An industrial park could develop on the place of the former military unit in Râmnicu Sărat, following a common project of the city Hall and the Local Council.

New promises: 3 motorways will be constructed in Moldavia

Transportation Minister Dan Sova said yesterday during a press conference held at the Iasi City Hall that the construction of the Ungheni-Iasi-Targu Neamt that will connect Moldavia (North-east Romania) and Transylvania (North-west Romania) will begin in the fall of 2015 and might be completed late in 2017.

Bosch starts production in new Cluj manufacturing unit and expands communication center

Recently, German technology group Bosch opened in Cluj its second production unit in Romania, dedicated to manufacturing car parts. More precisely, the company will produce in Cluj electronic parts and control devices for the car industry.

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