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Vabeld bought two warehouses and 15 ha land from former Cefin Real Estate shareholders

Belgian real estate investor Vabeld has bought from the former shareholders of Cefin Real Estate, the real estate division of the Italian group Cefin, two logistics warehouses situated at the Bucharest exit to Pitesti. This is the company’s second acquisition since its entrance on the local market this summer.

Nestlé put on sale several warehouses and lands in Romania

Nestlé put on sale plots in seven Romanian counties, totalizing an area of nearly 10,000 sq. m, according to ZF calculations.

Italsofa, part of Natuzzi group, to invest EUR 6-8 million in Baia Mare factory

Sofa manufacturer Italsofa Romania, parte of Italian group Natuzzi, plans to invest in the following years EUR 6-8 million in modernization of Baia Mare factory production, part of the financing being granted by EximBank.

Siniat closes Bucharest factory and Nucsoara quarry in 2016

Siniat Romania, manufacturer and supplier of plasterboard systems and plasters, announced it would close its factory in Bucharest and quarry in Nucsoara as part of a plan to concentrate production in its recently opened Turceni factory.

US group Timken to invest EUR 54 million in its factory near Ploiesti, Romania

US group Timken will invest EUR 54 million in its new auto parts factory in Ariceștii Rahtivani near Ploiesti, a project receiving EUR 15 million state aid.

Real estate investment exceeding EUR 800 million to be delivered next year in Romania

The real estate developers plan for next year in Romania a record area of projects, namely more than 700,000 sq. m, representing more than EUR 800 million investments.

Siemens Romania plans to modernize factory in Sibiu

Siemens Romania will modernize by the next summer its Sykatec factory in Sibiu, which produces electrical components and special cables, said George Costache, company’s general director.

Highway section built one year ago in Romania, closed for repairs until June 2016

A segment of the Sibiu-Orastie highway in Transylvania, which was closed in September due to structural problems, will remain closed until June next year.

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