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Warehouse Market News

Investments of 410 million euros in Romanian real estate projects

The investment volume from the first semester of 2019 amounted to approximately 410 million euros, up 6% compared to the similar period of last year, when investments were made on the local market with an investment value of 386 million of euros, according to Cushman & Wakefield Echinox calculations and estimates.

The industrial stock surpassed the 4 mln. sq m milestone, while 1 mln. sq m are to be delivered by the end of 2020

The modern industrial stock exceeded the 4 mln. sq m during the first semester of 2019, since a new supply of 240,000 sq m was brought on the market and by the end of 20202 approx. 1 mln. sq m are expected to be delivered, according to the latest research report “Romania MarketView H1” of CBRE Romania.

CTP Launches Operations in Bulgaria

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, has entered the Bulgarian market with plans to reach 100,000 square metres of leased space by the end of 2021. Bulgaria is CTP’s seventh country in the Central European region, extending the company’s geographical footprint from the North Sea and the German border to the Black Sea.

The courier company Sameday, part of the eMAG group, will relocate from P3 Bucharest in its own warehouse

Sameday Courier, part of the eMAG group, is about to move from the leased warehouses within the P3 Bucharest logistics park to a new logistic facility, developed by eMAG Logistica.

B. Braun to complete in October 2019 the first phase of the 120 million euro investment near Timişoara

B. Braun, a subsidiary of the German company on the local market, specialized in providing medical products and services, estimates that in 2021 the construction of the 120 million euro plant will be completed in the village of Sânandrei near Timişoara, which will employ a total of 250 people.

JTEKT invests 125 million euros in expanding the plant in Alexandria

The Japanese corporation JTEKT, which owns Koyo Seiko Romania, wants to invest 125 million euros in the factory in Alexandria, in order to be able to produce specialized auto parts needed by Toyota Motors in the Czech Republic.

Romanian Minister of Transport estimates the construction of 100 km of highway in 2019

Transport Minister Răzvan Cuc estimates that this year 100 km of highway will be built.

US Procter & Gamble prepares major investment in a new factory in Urlati

Procter & Gamble, one of the largest players in the global consumer goods market, is preparing a massive investment in Romania, a new factory with a greenfield investment, employing 600-800 people, according to Ziarul Financiar.

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