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Warehouse Market News

CTP expands its management team to support business growth

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, announces changes and the expansion of its management team, both local and international, in order to continue the development of the organization and to support the accelerated business growth. Mr. Robert Pitt joined CTP’s international team as Chief Operating Officer, starting the end of last year and Ms. Iuliana Bușcă and Ms. Andreea Enescu will run the business development team in Romania, starting February 1st 2018.

Bucharest, leader of Romania’s land transactions in 2017

The total value of land transactions for real estate projects, excluding the industrial segment, increased significantly last year compared to 2016, exceeding the threshold of EUR 350 million at national level, with approximately 70% of this value transacted in Bucharest, where land transactions for residential development accounted for more than half of the investment volume.

CTP strengthens its position as the largest logistics parks owner from the vicinity of Bucharest

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, strengthens in 2018 its position of the largest owner of storage and production spaces located near Bucharest.

FrieslandCampina to sell its Carei factory closed in 2015

FrieslandCampina Romania, producer of Napolact dairies, auctioned the former milk factory in Carei (Satu Mare County).

Romania, still on the penultimate place in the EU in terms of minimum wage

Since January 1, 2018, Romania has the largest percentage increase, of 31%, of the gross minimum wage in Central and Eastern Europe, but the net growth is much lower.

Work begins on the Domneşti Pass in Bucharest's western ring road

The Ministry of Transport recently announced that the National Company for Road Infrastructure Administration (CNAIR) issued the starting order for the passage in Domneşti, estimated at 91.55 million lei, excluding VAT.

Austrian Voestalpine Rotec to buy Barum Technik’s factory in Timisoara

Austrian Voestalpine Rotec GmbH (Metal Forming Division) has bought a division of Barum Technik from Timisoara in a transaction of several million euros.

German Xella buys the Macon group and become the largest producer of AAC in Romania

German construction materials producer Xella International signed an agreement with two private equity funds in Poland managed by Enterprise Investors on the acquisition of the Macon Group, the largest producer of AAC in Romania and one of the largest manufacturers of building materials on the local market.

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