ARTICLES LABELLED WITH TAG Romania

Kromberg & Schubert, the German producer of cables and electrical systems for the car industry, has sold its plant in Timișoara to Continental Group, according to market sources quoted by ZF.ro. The transaction will allow the company to replace its manufacturing operations in the city with research and development activities. 

Global logistics solution provider Mainfreight has started operations on a new distribution hub in Timișoara Industrial Park (II), a project jointly developed by Globalworth and Global Vision. 

Brothers Adrian and Dragoș Pavăl, founders and owners of DIY chain Dedeman, are investing in a new logistics project in Pantelimon, near Bucharest. 

Real estate consultancy Cushman & Wakefield Echinox will start to assist customers and partners in obtaining international LEED, WELL and BREEAM certificates, both for existing and pipeline office or industrial-logistical buildings. 

French BIC Group, the maker of stationery, lighters and shavers, is reportedly looking to open a regional distribution centre near Bucharest, according to profit.ro.   

Romanian real estate developer Forte Partners has rolled out SpotUS.Space, a digital solution that ensures the optimized and efficient use of resources for the hybrid work mode. 

The developers of the Atria Urban Resort residential complex in Bucharest are currently planning the third phase of the investment. Around half of the apartments in the second development phase were sold and the whole project will be delivered by 2023. 

CPI Property Group formed a joint venture with Aroundtown SA and announced a cash offer for the entire issued share capital of Globalworth that the JV did not already hold. The two companies currently own more than 50% of Globalworth’s issued share capital.

Belgian property developer Atenor has started the construction of UP-site, its first residential project in Bucharest. The complex comprises 270 apartments in two residential high-rise buildings of 12 and 25 floors with a common ground-floor. The project is located in Floreasca, one of the city’s exclusive areas. 

The delays in the approval of a mixed-use development in Bucharest forced RMB Holding to withdraw a loan of €50 million it had committed to Iulius and Atterbury Europe.