Knauf Insulation, one of the largest manufacturers of insulation solutions in the world and part of the German Knauf group, acquired the Gecsat SA glass mineral wool factory, from Târnăveni, Mureș County.
VGP and Allianz Real Estate, acting on behalf of several Allianz Group companies, recently announced a successful third closing with its 50:50 joint venture, VGP European Logistics II. The transaction comprised of 13 logistic buildings, including 9 buildings in 5 new VGP parks and another 4 newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture.
Alinso Group intends to acquire Metav Business Park in Bucharest. The group will further develop and optimize the park to create inspiring business space for their clients.
Ford Otosan, the largest commercial vehicle manufacturer in Europe, will take ownership of U.S group Ford’s Craiova plant and production activity in Romania, a process conditioned by the approvals from the relevant authorities.
Caroli Foods Group, the market leader in meat products, with a profile factory in Pitești, partners with Globalworth in Pitești Industrial Park, a project developed under the umbrella of Globalworth Industrial. The area of the warehouse that will serve Caroli Foods Group throughout Romania is approximately 6,800 square meters and the lease agreement was signed for a period of 10 years.
The local logistics sector has not only shown resilience during the pandemic, but went on to benefit from consumer and business reactions to the sanitary crises. Thus, the leasing activity in 2021 has exceeded the 1 million sq. m threshold for the first time in the market’s history. Net take-up accounted for over 80% (802,000 sq. m) of the transacted volume and continues to be the main driver of the market, according to the Cushman & Wakefield Echinox real estate consultancy company.
Knauf Insulation, one of the largest players on the insulation materials market, part of the Knauf Group, announces the signing of the contract for the purchase of the Gecsat S.A. mineral wool factory in Târnăveni, Mureș County. The acquisition of the factory in Târnăveni aims to support deliveries to Knauf Insulation customers in the ever-growing markets of Romania, Eastern Europe and the Commonwealth of Independent States (CIS).
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
