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Warehouse Market News

WDP - 75 million euros in additional investments in Romania

WDP kicked off its Investor Day in Romania by announcing an additional investment volume of around 75 million euros, amounting to some 130,000 m² in property, both through new development projects and through acquisitions for existing and new clients. On completion, this new investment package will bring the total property portfolio to around 450 million euros, with projected portfolio investment growth approaching 500 million euros (or 15% of the total WDP property portfolio) by late 2019.

Ursus Breweries rents 9,000 square meters in the CTP Park Cluj II logistics park

The CTP real estate developer, Romania's largest industrial and logistics manager, has signed a lease agreeement for an area of 9,000 square meters with Ursus Breweries within its second project developed in Cluj - CTP Park Cluj II.

FIC Business Sentiment Index – September 2018 results

The most recent results of the FIC Business Sentiment Index (carried out in September 2018) brings some important insights on both workforce and fiscal related topics. Still there is a continued dichotomy between FIC members expecting higher revenues and business growth in the short-term but being concerned about the lack of infrastructure and stability of the regulatory framework. FIC maintains its position that, in due time, the lack of predictability and of investments will reduce the economy’s competitiveness and long-term growth potential.

Elis Pavaje completed the acquisition of the Fruhwald factory in Alba County

Elis Pavaje, the leader of the pavement and curbs market in Romania, completed the takeover of the Fruhwald concrete prefabs plant in Vintu de Jos. The acquisition value exceeds EUR 1,000,000 and assumed the takeover of the production unit including employees.