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Warehouse Market News

Inteva Products Opens Second Manufacturing Facility in Romania

Inteva Products, LLC, a leading global Tier One automotive supplier of engineered components and systems, recently began operations in a new facility in Oradea, Romania.

Real estate transactions value in Romania registered 30 pct. growth in the first quarter, up to EUR 180 million

Real estate transactions value in Romania in the first quarter reached EUR 180 million, with more than a half, EUR 96 million, represented by office projects sales in Bucharest, shows a study of JLL.

Penny Market started the construction of a logistics centre near Bacău, an investment on EUR 19 million

Penny Market, part of the German group REWE, is building the network’s third logistics centre in Romanian near Bacău, being the first retailer in Romania to have such a project in the region of Moldova. The investment in acquiring land, developing the building and the specific equipments will reach EUR 19 million.

IMMOFINANZ with new leases of nearly 20,000 sqm for Bucharest office portfolio and extensions of 18,000 sqm

IMMOFINANZ, one of the most important office building owners in Bucharest, announces numerous new partnerships and extensions of agreements with tenants in the local office sector, accounting for a total of over37,000 sqm. The company has attracted new tenants for 19,200 sqm and has prolonged and extended existing contracts for over 18,000 sqm in seven of its class A office properties in Bucharest.

Romanian car producer Dacia sees record turnover in 2015

Romanian car producer Automobile Dacia recorded a turnover of over EUR 4.3 billion last year, up by 1.76% compared to the previous year. It is the highest turnover recorded by the company in its history.

IMMOFINANZ with significant increase in office portfolio occupancy: plus seven percentage points to 82%

IMMOFINANZ raised the occupancy level in its office standing investments by roughly seven percentage points to nearly 82% by the end of the 2015/16 financial year (as of 30 April 2016). Rentals in the office segment totalled approx. 388,000 sqm, or 29% of the total area, according to preliminary numbers.

Bauelemente completed EUR 3.5 million investment in Ploiești factory

Bauelemente, manufacturer of precast concrete, part of Baupartner group, owned by German businessman Michael Dietrich, has completed an investment of 3.5 million Euros in a factory near Ploiesti, where it will expand production of prestressed concrete poles for agriculture .

Developer WDP builds new factory in Romania for Japanese car parts producer

Belgian real estate developer WDP will build a new factory in Braila, east of Romania, for the Japanese car parts producer Yazaki. The investment amounts to EUR 14 million, according to the developer’s Q1 financial report.

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