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Warehouse Market News

Policolor reaches agreement to sell industrial platform in SE Bucharest

Policolor, one of the largest players on the Romanian paints and lacquers market, announced on Thursday it initiated procedures to sell the terrain on Theodor Pallady, nr 51, in the south-western part of the Capital, where it currently operates its industrial platform.

ArcelorMittal, Romania’s largest steel plant targets higher output next year following investments

ArcelorMittal Galati, Romania’s largest steel plant, which is part of ArcelorMittal group, is targeting a 15% output increase for 2015, following major technical upgrades of its production flow, the company announced.

Roman SA Brasov files for insolvency

One of Brasov’s largest industrial facilities, Roman SA, is in major financial difficulties. At the request of the administrators, the company that produces trucks and buses has filed for insolvency over a debt worth RON 90 M, according to a letter sent by the company to Bucharest Stock Exchange.

The revenues of Immofinanz, influenced by the departure of the tenants from the office buildings

Austrian group Immofinanz obtained in the first quarter of the fiscal year 2014/2015, from 1st of May to 31st of July, decreased revenues down to EUR 11.6 million from the renting of the 16 assets in Romania, as a result of the departure of the tenants from the office buildings in Bucharest, according to the financial report.

Tibbett Logistics expands operation in Bucharest with 2,000 sqm warehouse

Supply chain logistics specialist Tibbett Logistics, part of the UK-based Keswick Enterprises group, has opened a 2,000 sqm warehouse for an automotive client in Bucharest, Romania.

Prologis agrees second development at newly-acquired Site at Prague Airport

Prologis has signed a lease agreement with ČERVA for a build-to-suit (BTS) development of 31,190 sqm at its recently-acquired Prologis Park Prague-Airport.

CRH interested in buying Lafarge’s assets, including properties in Romania

Irish concrete producer CRH has expressed interest in taking over Lafarge’s assets, after a part of the companies’ properties have been placed on sale in order to allow for their merger, writes Mediafax.

Take-up of modern industrial and logistics space reaches 61,000 sqm in H1, says DTZ Echinox

Total leasing activity involving modern industrial and logistics space reached 89,000 sqm in the first six months of 2014 while the take-up amounted to 61,000 sqm, according to data from DTZ Echinox. Some 46 percent of this was registered in Bucharest (34,000 sqm transacted).

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