DPD Romania, one of the largest players on the local parcel and express delivery market, has inaugurated a new logistics center in Mogosoaia, near Bucharest.
Real estate investment volumes increased by 107 percent in Romania in H1 2016 compared to H2 2015, totaling EUR 359 million, according to a CBRE report. This is one of the highest levels reported over the past five years, according to report.
Local council in Cluj will complete in the next period the modernization project and the expansion with 16.8 hectares of the industrial park Tetarom I in Cluj-Napoca, an investment of EUR 9.4 million, 50 pct supported from EU funds.
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.
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