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Warehouse Market News

Alstom aims to turn Romania into regional hub for power, transport

France’s Alstom, the engineering group, plans to hire up to 50 IT engineers in the next three years, as part of a wider strategy designed to develop local operations into a specialized export center for the power and transport markets in Eastern Europe, said on Wednesday Gilbert Porcherot, president of Alstom Romania.

Cargus: EUR 25.7 million revenue in 2013

Cargus, one of Romania’s top domestic delivery companies, has reported a 20% growth in revenue for 2013, making it the best year of its history. The courier company has reached a record EUR 25.7 million revenue, almost 6 million more in comparison to 2012.

Romania's industrial production up 10.1 pct in January compared to last year

Romanian adjusted industrial production rose 2.3% in January compared with a month earlier, on higher manufacturing output, the country’s statistics institute INS said Tuesday. Industrial production rose 10.1 percent compared to January 2013.

Daimler starts construction of EUR 230 million factory in Alba this April

On April 4, Star Transmission, another subdivision of Daimler group in addition to Mercedes-Benz, will start construction work at a new factory in Alba County that will manufacture gear boxes for Mercedes limousines, according to a press invitation.

Industrial turnover up more than 12 pc in January

The industrial turnover for the combined domestic and external market was up by 12.2 percent in nominal terms in this January from January 2013, but it was down 2.3 percent as compared to the prior month, the National Institute for Statistics announced on Monday.

Romania’s infrastructure investments at ‘critical’ level, says AECOM

New public tenders for infrastructure projects may be put on hold, due to lack of funding and political changes, although the underdeveloped transport network hits big exporters, notes AECOM, the technical and management support services company, which advises the government on Romania’s transport masterplan, reports Mediafax newswire.

Secure Property to Acquire a 17,000 sqm Logistics Park in Bucharest

SECURE Property Development & Investment PLC (AIM: SPDI), a South Eastern European focused property and investment company, today announces that it has reached an agreement to acquire the Innovations logistics park in Bucharest, Romania, from Myrian Nes Ltd and Theandrion Estates Ltd. The acquisition will be the Company's first outside of Ukraine and marks the commencement of SECURE's stated strategy of both growing and diversifying its portfolio across the economies of South Eastern Europe.

Limited move to speculative logistics development in CEE

A continued recovery in the CEE industrial sector is expected with increasing demand and low vacancy. Although the major international industrial developers have sites across the region, they are still focusing speculative development on Poland and Western Europe. Development activity in CEE is driven by built-to-suit projects with limited speculative investment. In general development activity is on the up in the Czech Republic while the Hungarian market is stagnating as it suffers from high vacancy rates.

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