Transilvania Construcţii, real estate development company controlled by Timofte family, plans to complete by November the fist building of an office project within Tetarom 1 industrial park in Cluj.
Windows manufacturer Qfort is developing an office building and a showroom near its factory owned in Pieleşti, Dolj county. The company’s total investment reaches EUR 4 million, the space hosting 300 employees.
Romanian real estate investment volumes went up 80% year-on-year in the first half of 2016, reaching an estimated EUR 340 million, according to real estate consultancy company JLL. In the first semester of 2015, the real estate investment volumes stood at EUR 187 million.
Local branch of the German pumps and pumping systems manufacturer Wilo SE plans the expansion of its activity in Romania with a warehouse, an office buildings and a workshop facility.
Romania is a market with increasing attractiveness for the foreign investors, as the experiences of other large players in the market were already positive. The market effervescence, the growing number of developers, as well as the big names entering the market in latest years, make Romania the ideal place for real estate investments, pundits believe.
The Romanian subsidiary of French group FM Logistics, which provides transport and warehousing services, has expanded its warehouse platform in Petresti following a EUR 5 million investment.
Belgian real estate developer WDP will build a new factory in Braila, east of Romania, for the Japanese car parts producer Yazaki. The investment amounts to EUR 14 million, according to the developer’s Q1 financial report.
The real estate development company Globalworth, founded and leaded by Ioannis Papalekas, has increased with nearly 55 pct. its portfolio value compared to 2014, reaching an estimated value of more than EUR 930 million in the end of last year, according to the company report published on London Stock.
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