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Warehouse Market News

Wind Speed invests EUR 1.8 mln in Brasov county warehouse

Romanian transport and logistics company Wind Speed invested EUR 1.8 million into the opening of a controlled temperature warehouse in Victoria, Brasov county, its representatives announce. With this investment the company hopes for an increase of EUR 1.5 million per year in turnover.

Aviva Investors exits real estate market in Romania

British company Aviva Investors, asset manager for Aviva – one of the world leaders in insurances and pensions – exited the Romanian market following the selling of the last properties to Australian investor Valad Europe.

Real estate market in Romania continues growth; international investors and developers’ interest increasing

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.

Romanian state company allots EUR 10 mln to fix highway segment

Romania’s National Highways Company (CNADNR) has allotted EUR 10.5 million to start the rehabilitation work on the A2 Highway’s Drajna-Lehliu segment.

Erste: Romania could have the highest economic growth in the region

Romania could have the highest economic growth among the countries in Central and Eastern Europe this year, with a GDP increase of 4.1%, according Austrian bank Erste Group’s analysts.

71 pct of business people in Brasov expect 10 pct increase in turnover this year

Business people in Brasov and neighboring counties have more positive predictions on Romania’s economy than the national average, with 69 percent respondents in Brasov and surroundings being confident, as compared to a national median of 61 percent.

P3 Logistic Parks follows strong 2015 performance with increasing development pipeline

P3 Logistic Parks, a leading pan-European logistics real estate owner, developer and asset manager, has started 2016 with almost 220,000 m2 of warehouse space under construction in four countries across Europe, already almost doubling its 2015 development total of 113,000 m2.

Romanian Ministry of Finance considers increasing by 41 pct. the state aids budget for large investments

Ministry of Finance in Romania intends to increase the state aids budget for investments with large impact on economy, from 2.7 billion lei to 3.828 billion lei. Nine companies have received by far grants from the State, with a total value of 436.4 million lei.

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