The Continental technology company increases its production capacity by purchasing a new building located in the Freidorf Industrial Park in Timișoara and at the same time expanding its office space, mostly dedicated to research and development.
P3 Logistic Parks (“P3”) has signed a lease agreement with Interbrands Marketing & Distribution for 24,830 square meters of logistics and office space in the P3 Bucharest A1 park. Interbrands has been a customer of the park since 2006 and has decided to move to a larger warehouse that can accommodate Orbico Group's expansion for operations in Romania. On this occasion, Interbrands also begins the implementation of an extensive logistics automation project in the new warehouse.
Continental Automotive Systems has started the works to expand the research and development center in Timisoara. The investment in the new building amounts to over 33 million euros.
Rosti Romania, owned by the Swedish company Rosti Group AB, has leased an area of 11,300 sqm industrial spaces in Paulesti, near Ploiesti, developed and rented out by the Belgian logistics real estate expert WDP.
GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a pan-European logistics real estate portfolio (“Maximus”) from funds managed by affiliates of Apollo Global Management, a leading global alternative investment manager, for a net consideration of approx. €950 million.
Transilvania Construcţii, Cluj-based company with over 60 years of experience in the real estate field, announces the expansion of the TRC Park Cluj logistics park, located in the Tetarom III area of Jucu-Herghelie, with over 40,000 square meters dedicated to the industrial and logistics sector.
The real estate developer CTP, the largest owner of warehouses in Romania, intends to purchase the Equest Logistic Center park, located on the western outskirts of Bucharest, from the British Equest Balkan Properties fund at a price of about 28 million, according to Profit.ro estimates.
The Dutch-Belgian retailer Mega Image, present locally with more than 700 stores, doubles the surface of the logistics warehouse in Stefanestii de Jos to 8 hectares.
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