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Warehouse Market News

P3 secures refinancing for five CEE logistic parks

PointPark Properties (P3) secured a €215m senior facility from pbb Deutsche Pfandbriefbank and UniCredit Bank Austria AG to refinance a portfolio of five modern logistic parks it owns in the Czech Republic, Poland and Slovakia. Dentons’ banking and real estate teams jointly advised the lenders.

Ipec Alba Iulia invests EUR 8 million in a new factory

Porcelain house goods manufacturer Ipec, controlled by Covaciu family invests over EUR 8 million to build its sixth production unit in Alba Iulia.

Investment of over EUR 50 million in Cluj: Emerson inaugurated a new production and services platform

American company Emerson has inaugurated in Cluj-Napoca a new production and engineering services platform, following an investment of EUR 55 million, where 700 people will be hired, Mediafax writes.

Tetarom I Industrial Park expands on 17 ha, with 42 million lei investments

Local Council (CJ) Cluj has approved on Monday the starting of execution works for the extension and modernization of Tetarom I Industrial Park, through an investment of 42 million lei, with half of the amount EU grant.

Logistics market stagnates: 100,000 sq. m rented in 6 months, 300,000 sq. m predicted for the entire year

The area of the logistics space transacted in the first six months totalizes approx. 100,000 sq. m, a level similar to the one registered in the similar period of last year, has declared Marian Orzu, director of CBRE, who estimates that the transactions will reach 300,000 over the entire year.

Lafarge to sell Romanian assets for merger approval

Cement makers Lafarge and Holcim on Monday announced asset sales they are proposing to competition regulators as part of their merger plan, including all of Holcim’s French activities and Lafarge’s German ones, according to Reuters.

CBRE: Transaction value down compared to 1Q

Real estate transactions in Romania totalized in 2Q EUR 66 million, with significant drop compared to 1Q, when over EUR 300 million level was registered, according to CBRE.

Bilka Steel opens new production line in Brasov

Metallic tile producer Bilka Steel, inaugurated a new production line in Brasov on Monday. The new facility will increase production capacity by 30 percent, according to a press release from the company.

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