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Warehouse Market News

CNADNR: 100 kilometers of highway to be completed this year

The National Road Authority (CNADNR) estimates that 100 kilometers of highway will be completed this year at the most, according to Horia Nicolae, director for Projects.

Panattoni to develop 60,000 sqm of warehouse in Cheb

Panattoni and Accolade plan to develop 60,000 sqm of warehouse space in the Cheb industrial zone.

EY: Romania surpasses Hungary and becomes 3rd most attractive CEE market for foreign investors

Romania has surpassed Hungary as the third most attractive country to establish a business in central and Eastern Europe, according to a survey from Ernst & Young. Romania is still below Poland and the Czech Republic, but if it maintains its current rhythm of development, may reach 2nd spot in 2015, writes evz.ro.

Blackstone’s Logicor buys Polish industrial from Standard Life

Logicor, Blackstone’s Polish logistics arm, acquired a portfolio from Select Property Fund, owned by Standard Life Investments, in a deal reportedly worth €118.2m.

FrieslandCampina to close its cheese factory in Carei and to relocate its activity in Cluj district

FrieslandCampina will close its cheese factory in Carei and will focus its production in the factory from Baciu, Cluj district, where cutting and packaging operations will be relocated from the unit in Targu Mures, according to a press release of the company.

Pheonix Real Estate sold the logistics park in Clinceni, rented by Nestle, for EUR 12.6 million

Greece’s Phoenix Real Estate has completed the sale of Innovations logistics park near Bucharest to the investment company Secure Property Development & Investment, for EUR 12.6 million.

Continental to add 1,500 people to its roster over the next few months

Continental announced that it will be hiring 1,500 people over the next months, to fuel its production, research and development activities, according to Capital. ro

Nestle invested over EUR 10 million in Timisoara factory since Joe takeover 14 years ago

Nestle, one of the world’s largest food producers, invested in Romania more than EUR 10 million in the development of the factory in Timisoara, since the takeover of Joe in 2001, amount which does not include the acquisition value of the facility in Western Romania.

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