CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has acquired from Globalworth, the leading office investor in Central and Eastern Europe (CEE), an industrial portfolio of 270,000 sqm GLA and 30ha landbank in six key locations in Romania.
Pavăl Holding, the investment vehicle of the brothers Adrian and Dragoş Pavăl, the owners of the DIY Dedeman network, recorded a net profit of 2.3 billion lei in 2023, 52% more than the previous year, according to data published by the Ministry of Finance.
Biopharma Plasma, a subsidiary of Biopharma Plasma Limited from Ukraine, will build a production unit in the Eurobusiness I Industrial Park in Oradea, located on Borsului street. This investment, worth at least 37 million euros, will occupy an area of 34,370 square meters.
The first quarter of 2024 ended with real estate investments in Romania totalling 202 million euros, up 69 percent compared to the first three months of 2023, with transactions in the retail segment accounting for around two-thirds of the volume, according to a Colliers report. Compared to the other five major economies (Bulgaria, Czech Republic, Hungary, Poland and Slovakia) in Central and Eastern Europe (CEE), Romania was the best performer in a context where market activity in the region was soft and transaction volumes reached one of the lowest levels in a decade.
DP World opens three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of European trade and enabling economic growth throughout the region.
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), expands its partnership with Cargus, one of the most important courier companies in Romania, with the inauguration of a new location in Sibiu. This development underscores CTP's commitment to fostering strategic alliances and supporting the growth of its partners.
VGP, a European provider of high-quality logistics spaces and semi-industrial real estate, has initiated the construction of the third building in VGP Park Bucharest North (A3), marking a new milestone in the development of logistics infrastructure in the region. Building A covers an area of 25,950 m2 and has already two significant tenants, who have signed lease contracts for a total of 8,158 m2. This achievement underlines the attractiveness of the project.
The German company AMF-Bruns, a global leader in the provision of innovative solutions to facilitate mobility, inaugurated a new production unit within the factory in Roman.
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