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Warehouse Market News

Highway section in Romania needs structural repairs less than a year after inauguration

The Romanian highways company CNADNR may have to completely demolish and rebuild a segment of the Sibiu-Orastie highway in Transylvania, which was inaugurated less than a year ago, due to structural problems.

Major changes in the top of the largest industrial real estate owners in Romania

The most spectacular entry in the top was the one of the Dutch company CTP. In the last half of year, the investor which studied the Romanian market for seven years became the largest logistic facilities owner in the country.

Romania’s highway company awards EUR 29.2 mln contract for Bucharest-Ploiesti highway completion

The Company of Motorways and National Roads (CNADNR) announced it has awarded the association Aktor – Euro Construct Trading ’98 a contract of RON 129.18 million (about EUR 29.2 million), without VAT, to complete the first 3.3 km section of the Bucharest-Ploiesti highway and the nodes across the Bucharest belt and at Moara Vlasiei.

Reynaers Aluminium Romania Aims to Increase Its Turnover by 75% in 2015

Reynaers Aluminium Romania, one of the main European leaders in aluminium solutions for the constructions industry, aims a 7 million Euros turnover by the end of this year, which means a 75% increase compared with last year’s business. Also, the company plans to reach a 10% market share on the local aluminium joinery market.

WDP intensifies investments in Romania

The developer Warehouse & Distribution De Pauw (WDP), controlled by one of the richest families in Belgium, is currently working on six warehouses development in Romania, which will propel the developer as one of the largest logistic owners in Romania, after investments of EUR 17 million.

OPTIM PM appointed for professional services for the new logistic development of LOG IQ

OPTIM PM was chosen to supply the Site Inspection services for the new logistic development of Immofinanz, LOG IQ.

EBRD gives Belgian company EUR 8 mln to build factory in Romania

The European Bank for Reconstruction and Development (EBRD) will grant a EUR 8 million loan to the Belgian company Sonaca, which plans to build a new factory in Cluj, north-western Romania.

Industrial production in Romania falls against previous month while still higher y-o-y

August 2015 brought a decrease in industrial production compared to the previous month, both as gross series (18.4 percent) and as adjusted series (0.5 percent), according to data released by the National Institute for Statistics.

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