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Warehouse Market News

American Christopher Shonn joins Avison Young Bucharest

Christopher Shonn is the new Senior Adviser of the Capital Markets Division of Avison Young Bucharest, the local subsidiary of Canada's largest independent real estate broker.

Industrial and logistics space stock to exceed the 4 million square meter threshold in the first half of the year

The industrial and logistics market is crossing one of the best times in history, and in the first half of the year will reach the threshold of 4 million square meters, according to the representatives of JLL Romania.

PASTE BANEASA leases 5,000 sqm within ELI PARK 1

Pasta producer Baneasa, market leader in Romania and the Balkans, has leased 5,000 sq. m within ELI PARK 1, announces Element Industrial, the developer of the project.

Nestlé will close its factory in Timisoara in 2019

The Nestlé factory, which claimed one of the oldest large foreign investments in Timisoara, will be closed by the end of May, 2019.

One step ahead in the construction of Craiova-Pitesti Expressway

The Ministry of Transport published a draft Government decision to expropriate the buildings on the corridor of the future Expressway Craiova-Pitesti after the contracts for the design and execution of three lots of the project were signed.

The Europharm medicines factory in Braşov restarted production, run by two local investors

The brothers Attila Santa and Nandor Santa, who took over at the end of 2017 the Europharm medicines factory in Braşov, closed in December 2015 by the British at GlaxoSmithKline (GSK), started production and are selling to pharmaceutical companies in the EU, but also to extra-community customers.

MLP Group launched the construction of a logistics park in Romania

MLP Group commenced the construction of its first logistics park in Romania. Work on a 12,000 m2 facility is currently underway. In total, over 22,000 m2 of modern warehousing space will be constructed at this stage of the project.

Former Textila Dacia factory in northern Bucharest is still for sale

The Transilvania Insolvency House (CITR) sells the land belonging to the former Textila Dacia factory in Bucurestii Noi, an area of over 52,000 square meters, with potential for a large real estate project.

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