VGP and Allianz Real Estate, acting on behalf of several Allianz Group companies, recently announced a successful third closing with its 50:50 joint venture, VGP European Logistics II. The transaction comprised of 13 logistic buildings, including 9 buildings in 5 new VGP parks and another 4 newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture.
Ford Otosan, the largest commercial vehicle manufacturer in Europe, will take ownership of U.S group Ford’s Craiova plant and production activity in Romania, a process conditioned by the approvals from the relevant authorities.
CTP, the largest developer and administrator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, acquires an area of 95,000 m2 of buildings from the Australian group Cromwell Property Group, representing the largest transaction in terms of surface on the Romanian logistics market in 2020.
P3 Logistic Parks (P3), a long-term manager and developer of European warehouse properties which is wholly owned by GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a German retail logistics real estate portfolio (“Matrix”).
Deloitte Romania advised TeraPlast Group, the largest Romanian producer of construction materials, in the sale of its steel division to the Irish group Kingspan, global leader in insulation and building envelope solutions, which was already present on the Romanian market.
ROCA, the first investment and management platform dedicated to Romanian companies, has become the largest shareholder of SC Electroplast SA, a Romanian brand with a tradition of more than 25 years, being among the top 10 cable manufacturers and leader in the power cable for railway infrastructure market.
The Chinese Investment Fund (China Investment Corporation) plans to sell Logicor logistics properties in Romania, according to Ziarul Financiar, in an estimated transaction of about 30 million euros.
The Austrian group Voestalpine bought the majority stake in Travertec Buzau, a subsidiary of German Rail.One, with a turnover of almost 10 million lei last year.
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