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.
The entrepreneur Eugen Banciu, the founder of the pharma group Dona, intends to complete the construction of a warehouse exceeding 7,000 sq. m by the end of this year.
FM Logistic Romania, an important local player in the logistics and transport sector, announced EUR 5 million investments in the extension of its logistics platform situated in Petreşti, Dâmboviţa county.
Local real estate market will continue the positive trend of the last years, with growth estimated on key-segments such as investments market, office and industrial, according to the most recent study of a real estate consultancy company.
The good macroeconomic situation of Romania is known by the foreign real estate investors, present at MIPIM, one of the world’s largest real estate events. However the immergence of the politics to justice, the corruption, the long terms of commercial related trials, as well as the timid presence of the local investors on the Romanian real estate market are among their concerns when thinking about investing in Romania, according to a JLL study.
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