Warehouse & Distribution De Pauw (WDP), controlled by one of the richest families in Belgium, bought a warehouse and office facility of 10,000 sq. m situated in Clinceni in western Bucharest, for EUR 5 million. The space will be leased to Quehenberger Logistics.
Two factories, producing doors and windows, from Ilfov and Prahova counties in Romania, were bought by the investment fund CEE Special Situations Fund, mainly financed by EBRD and a division of World Bank.
IMMOFINANZ has successfully completed the sale of its logistics portfolio to Blackstone. Blackstone will integrate all the assets into Logicor, its European logistics platform. The closing took place on Monday, and leads to net cash inflows (after the repayment of loans) of approx. EUR 305 million.
International investor and developer CTP, has successfully concluded the purchase of a portfolio of industrial real estate in Hungary. With this acquisition, CTP further increases its footprint in central Europe, with a Total Rentable Area exceeding 3,250,000 m² as of 1st January 2016.
Industrial real estate developer CTP has invested last year EUR 300 million in development and acquisition of logistics projects in Romania and will continue over the following years the expansion on the local market by organic growth and acquisitions, has declared for MEDIAFAX Remon Vos, the company’s CEO.
Romania attracted in 2015 real estate transactions with a total value of nearly EUR 800 million, down compared to 2014, when EUR 1.15 billion real estate projects were transacted, including offices, retail, and industrial properties.
International investor and developer, CTP, has successfully concluded the purchase of the Bucharest West Industrial Park on the outskirts of Bucharest from Portland Trust. With the closing of this deal, CTP becomes the largest industrial developer on the Romanian market.
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