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.
Real estate developer Zacaria Group enters the Romanian residential market with an investment of EUR 20 million in a project which includes 280 units situated in northern Bucharest.
Supremia Grup, one of the largest players in the ingredients for food industry and spices market, plans to complete its research and innovation centre in 2017, followed by the development of a warehouse near the factory owned in Alba-Iulia.
Austrian group Erste Group, which owns the local lender BCR, has granted a loan of EUR 91 million to the US group Blackstone to help it finance the acquisition of 12 logistics projects in Central and Eastern Europe from Austrian real estate group Immofinanz.
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