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Warehouse Market News

ECOSUN Expert launches its first photovoltaic park in Romania

ECOSUN Expert Romania enters into the local market of solar energy production by launching a photovoltaic park, with a capacity of 2.5 MW, in the locality Podu Olt (the Brasov-based Harman commune), following an investment worth some millions of euros, according to a press release.

DB Schenker Rail signs transport deal with Ford

DB Schenker Rail Romania, part of the German freight group, said it would provide car transport services for US-based car market Ford, which operates a plant in Craiova, starting this month.

Strabag Estimates Turnover Fall to Approx. EUR 300 Million This Year in Romania

Austria’s group Strabag’s turnover in Romania will decrease this year to approx. EUR 300 million from EUR 350 million last year, due to diminishing number of projects on the market.

TPG and Ivanhoe Cambridge Buy PointPark Properties

Global private investment firm TPG and its partner, real estate company Ivanhoe Cambridge, announced it had acquired PointPark Properties (P3) from international investment company Arcapita.

Rehau Invests EUR 60 million in New Hungarian Plant

German company Rehau is investing EUR 60 million in constructing a new automotive parts plant in Gyor, Hungary, designed to meet expanding demand from the car builder Audi.

Romania had EU Biggest Industrial Production Growth in August

Industrial production increased with 2.1% in the euro zone and with 1.6% in EU in August 2013, compared to the similar period of last year, the biggest growth in UE countries being registered in Romania (6%), according to Eurostat.

Romania’s Trade Deficit in Decline, Exports Experience Slight Boost

In the first eight months, the trade deficit has dropped by over 40 percent to RON 16.48 billion (EUR 3.74 billion) compared to the same period last year, while exports have gone up by 7.9 percent in euros and imports have dropped as well, according to data released yesterday by INS (the National Institute of Statistics).

Australian pension funds to target European commercial real estate market

A new report released by Jones Lang LaSalle's International Capital Group highlights the increasing amount of Australian capital expected to be invested into offshore commercial real estate markets by 2020.

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