German discounter Penny Market, owning in Romania more than 180 stores with two brand names - Penny Market and XXL Mega Discount –, initiates the construction of an warehouse in Bacău, according to ZF sources.
Mega Image will continue its expansion at the same rhythm it had during the last years, planning to invest some EUR 50 million per year, Vassilis Stavrou, director of Mega Image said, as quoted by Mediafax. The company will also open a second logistic center in Stefanesti at the end of Q3, covering a 34,000 sqm area, the representative announced.
A new industrial park was developed with European funds on 40 hectares in Călan, Hunedoara county, on the platform of a former steel factory. The park will be functional starting this spring, but the local authorities didn’t sign yet contracts with companies willing to operate in the new industrial hub.
German retailer Lidl continues to expand in Romania with a modern and eco-friendly logistics center in Lugoj, western Romania. It is the company’s fourth such center in the country.
OMV Petrom has finalized its works on upgrading its oil storage site in Cluj, following an investment of approximately EUR 18 M, a company press release informs.
AIC International & Logistic Development will develop and deliver for Fashion Days on a built-to-suit lease arrangement a total of more than 13,700 sqm of class A warehousing space that will allow Fashion Days to meet the demand of its expanding operations over the medium terms.
Belgian company Vabeld will develop an warehouse exceeding 25,000 sq. m for the online retailer Fashion Days, which will be built by AIC Industrial&Logistic Development on the land bought by Vabeld near the A1 highway Bucharest-Pitesti.
The real estate developers plan for next year in Romania a record area of projects, namely more than 700,000 sq. m, representing more than EUR 800 million investments.
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