Bucharest's developing satellite city

Cortizo prepares to open five logistics centers with a combined lacquer treatment plant in Poland, Romania, United Kingdom, France and Germany over the next three years, with an investment of 32 million euros. This investment will create 128 direct jobs.

These centers provide a rapid delivery service in these countries, where Cortizo annually sells more than 21,000 tons of aluminum products to the construction industry.

Cortizo Center Romania will have a constructed area of more than 7,000 square meters, which will combine a lacquer treatment plant with capacity of 200 tonnes per month.

A storehouse of raw stock, a anodized stock store, a hardware store and composite panel warehouse are included within this logistics center.

Architects and installers will find an immediate and comprehensive response to their demands for products. These centers include a pantograph composite panel cutting and machining equipment to suit every architectural project.

A computer controlled assembly line enables Cortizo ensure an immediate response to the demands of Local and International customers.

ASSISTANCE TO ARCHITECTS AND INSTALLERS
Each center also possesses its own qualified Architects and Engineers to provide technical assistance to our customers in resolution of detail design and on-site support.

A state of the art showroom allows in situ observation of finishes and range of Cortizo products (aluminum, PVC, facades, sun protection, composite panels, etc.)

According to Joaquin Garrido, Director of Cortizo's International Development , "These logistics centers will lead to a boost our internationalization strategy enabling Cortizo to create over 50% of the Group's revenues outside the Spanish market.

The speed of service is strengthened by having its own coil coating plant for each country, which means shortening delivery times. We are already significant players in the aluminum sector in Romania. Now we will be enhance our market share with our strengthened presence."

Industrias Lebario raises Investment Capital

Industrias Lebario, s.l., an Izurza, a Spanish manufacturing company, has recieved investment capital from Sociedad Gestión de Capital Riesgo del País Vasco (SGECR), through Fondo Ezten.

The company specialises in designing and manafacturing aluminum & magnesium high-pressure injection moulds for the automotive parts sector.

Industrias Lebario will use the funds to expand its production capacity in Romania, India, China, Portugal and Turkey.

The company activities in Romania are associated with the production of high-pressure injection moulds for the Renault-Dacia Group, whose markets across Europe are expanding rapidly.

Prologis, the world's largest owner, manager and developer of distribution facilities, announced today that it has leased 211,000 square feet (19,600 square meters) of modern industrial space in Bucharest, Romania, to Centrum Logistics, a European provider of third-party logistics services and a subsidiary of Groep H. Essers, a Belgium-based transport and logistics company. Centrum will occupy space in a new distribution center being developed at ProLogis Park Bucharest A1, located along the Bucharest-Pitesti highway, Romania's primary east-west interstate, approximately 23 kilometers west of downtown Bucharest. Centrum, which currently leases 89,000 square feet (8,300 square meters) in another building at the same park, is consolidating its existing operations there and will expand into the new facility, which totals 300,000 square feet (27,900 square meters), once it is completed before the end of the year.

ProLogis Park Bucharest A1 currently consists of two completed facilities totaling 570,000 square feet (53,000 square meters) and two facilities under development totaling 538,000 square feet (50,000 square meters). The award-winning park, which will comprise nine buildings totaling more than 3.12 million square feet (290,000 square meters) at full build-out.

Strabag in the final four for Romanian highway project

The construction firm Strabag has been selected as one of the final four bidders to be awarded a contract to build a highway in Romania, the Austrian Times reported on July 9. The other three firms are French Colas and Vinciand Germany's Bilfinger. A final decision is expected by the middle of October, according to Romanian Infrastructure Secretary Septimiu Bazasu. The contract to build the 58-kilometre-long highway from Comarnic to Brasov will be worth around one billion Euros. The winner will design and build the highway and then maintain it for 30 years. Buzasu said that the highway authority would meet with the four companies and then choose the winner. Twelve companies submitted bids, including Austrian construction firms Alpine and Swietelsky.

BUCHAREST (Romania), May 25 (SeeNews) - Romania said on Friday it has sold to Austria's Strabag the state's 100% stake in road construction firm Societatii Comerciale Antepriza Reparatii si Lucrari A.R.L. Cluj for some 21 million euro ($28.25 million) in cash and investment in the company.

Strabag outbid two other competitors, the ministry said in a statement, but did not elaborate. Strabag is a leading European construction group which employs nearly 53,000. It says that from its core markets of Austria and Germany it is present via subsidiaries in all countries of Eastern and Southeastern Europe, in selected markets in Western Europe and the Arabian Peninsula, as well as in Canada, Chile, China and India.

Societatii Comerciale A.R.L. Cluj produces and sells road construction materials and carries out road construction and repair activities. It operates in seven counties across the country.

Rautaruukki is introducing in Romania its new solutions package that simplifies and makes the design and construction of commercial and industrial buildings more efficient. The innovative solution includes fast design, manufacture and installation of foundation, steel frame and envelope structures for premises suitable e.g. for retail, logistics or industrial operations.

"We are working and further developing innovations that serve the interests of our customers in the construction market. A fast planning and construction process saves our customers and partners' time and resources. This is especially important for the end-user who gets the premises into use much faster. Our solutions also mean less financial and operational risk when the various parts of the building are designed and manufactured to fit each other," says Saku Sipola, President of Ruukki Construction.

Ruukki's new solution enables flexible scaling of building dimensions. It also enables flexible choices for cladding material as well as for window, door and gate openings. At best, the foundation, frame, walls and roofing can be completed within a couple of months of the customer's order.

"The biggest time saving is reached by the easy and fast design and offering process. We have created a tool - a software application - that enables efficient structural planning together with the customer. A detailed offer can be provided at once," promises Madalina Dumitru Country Marketing Manager of Ruukki Romania. "Also erection of industrial halls is easy with our integrated and prefabricated structures."

Ruukki has had a strong presence in Romania since 2001, serving customers in the commercial and industrial construction sector and residential roofing market through 105 local distributors. Ruukki has invested EUR 35 million in building a new plant in Bolintin Deal in Romania. The profile sheet line at the plant started up in October 2007 and steel frame production in June 2008. The new sandwich panel production line will start in late autumn 2008. Ruukki's investment speeds up deliveries and enhances project deliveries in Romania and Bulgaria. Ruukki currently employs about 240 people in Romania and by the end of this year will have about 400 people there.

Further information is available from: Saku Sipola, President, Ruukki Construction, tel: +358 40 55 15953 Daniel Mach, Senior Vice President, Sales, Central Eastern Europe, Ruukki Construction, tel: +420 73 90 14440 Madalina Dumitru, Country Marketing Manager, Ruukki Romania, tel: + 40 72 42 38792 Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 25 countries and employs 14,990 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki.

Geodis, an international logistics provider.

Geodis helps goods get going around the globe. The transportation and logistics group serves its customers from facilities in about 120 countries. It maintains some 3 million square meters of warehouse space and a fleet of some 17,000 vehicles. Geodis provides logistics and supply chain management services, including warehousing and distribution, to customers in the automobile, pharmaceutical, and retail industries. The company transports gas, chemicals, and industrial and retail products through its trucking division. It also offers air and sea freight forwarding. In mid-2008, French railway system SNCF bought a majority share of Geodis.

Omega International Transport and Logistics is the leading Greek Integrated Logistics Provider for scheduled groupage services, part and full truck loads transportation, with more than 7.000 loyal customers.

With scheduled departures and arrivals to and from Greece, Omega guarantees effective road transportation services up to the final consignee.

Omega's deep sea and air in house departments provide the Customer/Partner with a global service solution.

A carefully selected network of partners throughout the world guarantees a reliable door to door service, giving the customers the possibility to choose the service and rate that best meets their needs.

During the last 10 years the company has established itself as a major Third Party Logistics Provider. Well known companies have entrusted Omega with the storage & handling of their products.

Headquartered in Athens, OMEGA International Transport has branches in Thessaloniki and Spata Airport, offices in Patras and Komotini and a wholly owned subsidiary in Bucharest OMEGA SRL.

19.09.2008

Delamode Romania has signed partnership with VTL Vernetzte - Transport - Logistik GmbH Delamode Romania proudly announce the start of the road groupage line service DE - RO through our partner VTL Logistik.

The agreement has been signed at the beginning of September 2008. This agreement continues the successful partnership started in May 2008 between Delamode Baltics and VTL Logistik. The logistics network of VTL, a german company based in Fulda, is made up of 100 medium sized freight forwarding companies and is one of the leading general cargo forwarding cooperatives in Germany. Consignments are processed using a hub and spoke system that, thanks to the density of the network, enables VTL partners to deliver consignments within Germany and Europe reliably and on time. The network's affiliated companies employ more than 3000 trucks a day in order to meet its customers' delivery needs.

As local VTL partner in Romania, Delamode Romania will not only offer specialised consignment delivery services tailored to romanian region, but also all of the services a powerful Europe-wide logistics network has to offer. Contact now our sales team for a detailed offer! sales@delamode.ro Tel.: +40 21 4077444 Fax: +40 21 4077463

News Archive

19.09.2008 - Delamode Romania has signed partnership with VTL Vernetzte - Transport - Logistik GmbH

23.05.08 - Delamode Romania have signed a contract with Cefin Logistics Park

31.07.07 - Delamode Romania Expands Domestic Hanging Garment Logistics Network

Minimax discount stores, which will be similar to supermarkets, will open in the southern Romanian cities of Slatina, Urziceni andTârgoviste. MiniMax have invested 750,000 euro per outlet, with each store having 1,000 m² of floor space and a parking area for 100 cars.

It is expected that most of the stores will open in small-medium-sized cities, of greater than 20,000 inhabitants, rather than larger cities of over 150,000 inhabitants. In a few years time, it has said that it plans to extend its network to over 100 stores.

The company’s management is well experienced, as Minimax Discount is managed by two Germans who used to work for Rewe in Hungary. With a size of 14,000 m² its central warehouse at Citywest, Bucharest has the potential to service a larger store network. Also worth mentioning is a government-owned operation named Economat which was founded in December 2001. It sells basic foods between 10 to 30 per cent cheaper than regular food stores and targets low income families and pensioners. Given the fact that many Romanians live in such low income conditions a national roll-out of the concept can be expected.

Gebrüder Weiss Grows in Romania

Logistics centre on the outskirts of Bucharest in the planning.

Austria's largest family-owned transport and logistics service provider, Gebrüder Weiss, has been present in Romania since 2001. The acquisition of a 70,000 m² parcel on the outskirts of Bucharest represents yet another important step forward in the development of GW in Romania. The purchase agreement for the property was signed at the end of July.

Strengthening presence in CEE - "Gebrüder Weiss is investing 10 million euros in the property transfer and building of a logistics centre. Various warehouse and cargo handling facilities will be located on the new grounds, strengthening our presence in the CEE region (Central and Eastern Europe) and contributing to the economic development of the country and that of Gebrüder Weiss Romania," says Thomas Moser, Regional Manager for the Danube and Adriatic region. Good foundation for the expansion After a thorough search for a suitable location, the real-estate agency DTZ found the best solution for Gebrüder Weiss. The large property with an area of 70,000 m² is right on the A1 motorway, making it the perfect location and an excellent foundation for international road haulage. The first stage of construction comprises the building of warehouse and cargo handling areas of up to 12,000 m². The industrial area on the outskirts of Bucharest is growing at a fast pace in the area of logistics and large-scale production making it the perfect place for GW to build a logistics centre. The Gebrüder Weiss Corporation The Gebrüder Weiss Corporation with headquarters in Lauterach (Vorarlberg, Austria) has a total of more than 4,000 employees at 129 locations worldwide. GW is represented in Central and Eastern Europe in Austria, Switzerland, Germany, the Czech Republic, Slovakia, Hungary, Slovenia, Croatia, Serbia, Bulgaria, Romania and the Ukraine. For the 2006 financial year, the logistics enterprise generated a turnover of 870 million euros.

20/06/2008 South Eastern Europe -

Interdean International Relocation Builds on European Strengths Interdean International Relocation has bolstered its strength in the South Eastern Europe region further in 2008 as a provider of international moving and relocation destination services. Interdean is one of the largest international moving company throughout Europe. Its offices located in Eastern Europe make it the first choice for organisations moving staff to and from the region.

Experienced Staff
Interdean is proud to announce the appointment of Olivier Ravon as Regional Manager for South East Europe. Olivier started in the international moving and relocation industry in 1998, since then he has risen rapidly, drawing on his expertise in developing business in emerging markets and his in depth knowledge of the Eastern Europe economy. Olivier heads a team of country managers who have access to specialist household goods resources, not least the largest fleet of household goods vehicles in Southern Europe and, as part of the Interdean Group, all of Europe. Furthermore he is responsible for some of the best moving & storage facilities in the region. “I am really happy to be here at Interdean, it feels like there is a real buzz to this place. Prior to joining Interdean, they were always the primary international moving company in the market. With the skilled staff, resources and the additional range of relocation services I feel Interdean offers its customers unbeatable value for money.”

Relocation destination services
Interdean has introduced a whole suite of relocation destination services for all its office locations to meet the service needs of its clients relocating staff in to the region. Customers can now choose from services to compliment household goods moving; such as home search / home finding, school search, orientation tours, immigration support and settling-in assistance. The best thing is that services can be purchased in bundles offering real value and high standards of service. New Offices & warehouse facilities

Interdean Belgrade has moved - to larger and better premises! Having outgrown its previous office and warehouse facility, Interdean Belgrade has moved to new premises equipped with secure storage, loading bays to handle all vehicle types and modern office facilities. Vesna Dragic, local branch manager, commented “It became apparent at the end of last year that there we needed larger premises in order to accommodate more staff to handle new business. We also knew that we had to increase our storage and vehicle handling capabilities.”

Olivier Ravon added “Moving to the new facilities means that we are able to keep in line with client service needs. The number of clients we work with locally in Serbia is increasing and South Eastern Europe is also a major destination for contracts held by the Interdean Group and our ability to service that effectively is essential. Having the right staff and facilities are key to delivering on this.”

For more information on services or requests for quotation, please contact: Oliver Ravon Regional Manager - South East Europe Interdean
INTERNATIONAL RELOCATION
T: +40(21)220 44 56
M: +40(0)723 36 04 49
F: +40(21) 220 70 43
E:oliver.ravon@interdean.com

About Interdean
Interdean provides world-class international relocation services to a customer base of blue-chip clients and their employees on a global basis. Established in 33 countries with 45 offices throughout Europe, Interdean’s dedicated team of professionals provide a highly personalised service, managing every aspect of the relocation process. A continued focus on FIDI-FAIM and ISO 9001:2000 accreditations ensures that Interdean lives up to its promise of providing comprehensive, quality assured relocation services for every family entrusted to its care. Interdean.com For further information, please contact: Group Marketing Tel: +44 (0)20 8963 2508

LAMDA Development SA is a Greece-based holding company engaged in the real estate sector. The Company, through its subsidiaries, deals with the acquisition, management, development, construction and disposal of all kinds of real estate property. It also provides information technology and consulting services. In the sector of real estate development the Company is active in the areas of project management, design and implementation of business plans, financing and project commercialization. The Company's activities comprise Greece and the Balkan countries, mainly Romania, Bulgaria, Serbia, and Montenegro. LAMDA Development SA is controlled by Consolidated Lamda Holdings SA (domiciled in Luxembourg), which in turn is controlled by Latsis family.

King Sturge leases another 10,000 m² at Bucharest's Mercury Logistics Park (RO) Friday 13 June 2008

King Sturge has leased a 10,240-m² unit at the Romanian capital’s Mercury Logistics Park to Dumagas Transport. This is the largest space leased this year on the Romanian logistics property market and the third major transaction for the park.

Irina Iliescu, Agency Consultant for exclusive leasing agent King Sturge, commented that: “Mercury Logistics Park is ideally located, 23 km west of Bucharest, on the A1 Bucharest-Pitesti Highway, the main corridor connecting Romania to Western Europe. Once complete the park’s 90,000 m² will include halls, warehouses and distribution units as well as modern office space.”

Mark Mannering, Joint Managing Director of King Sturge in Bucharest, commented: ”This transaction demonstrates that the growth seen in the retail market is driving strong demand in the logistics sector.”

Leslie Warren, European Development Manager for Helios Phoenix - the developer of Mercury Logistics Park adds: “The build quality of the warehouse will ensure fast operational effectiveness for Dumagas (Concessionary for Renault Trucks). We are planning to start on a fourth unit of 10,000 m² and it will be available later in 2008.

Helios is now looking for tenants for the rest of the scheme consisting of four phases totaling 55,800 m² scheduled to be delivered in the next two years. Unit 1 and Unit 2 have been leased to Minimax (14,000 m²) and Delamode (10,000 m²); both tenants have signed 10 year leases”. Source: King Sturge

&

Mercury Park is located approximately 23 km West of Bucharest City Centre on the A1 highway. The site benefits from access to the A1 highway which is the main arterial route in Romania leading to Timisoara and Hungary in the west and is approximately 7 km from the proposed Bucharest ring road and the city's Otopeni International Airport. The site is also well placed for access to Constanta (approx 266 km), via the A2, which operates as one of the main shipping freight hubs for the Black Sea routes.

Description:
Mercury Business Park is a new scheme, occupying a strategic site, comprising up to 7 buildings extending to approximately 96,040 sqm of industrial/distribution accommodation incorporating office space. The units will benefit from high quality finishes and equipment including dock level loading doors, security and gatehouse controlled entrance, modern smoke detectors, sprinkler systems as well as extensive and secure loading yards.

Accommodation

• Unit 1: 13,248 m2 - Let to Minimax
• Unit 2: 10,000 m2 - Let to Delamode
• Unit 3: 10,650 m2 - Let to Dumagas
• Unit 4: 13,200 m2 - To let
• Unit 5: 40,000 m2 - To let- from 5000 m2
• Unit 6: 11,840 m2 - To let
• Unit 7: 25,000 m2 - To let

Developer
King Sturge was formed in 1992 from the merger of J P Sturge, established in Bristol (UK) in 1760, and King & Co. which was established in London in 1920.

Today, King Sturge LLP, headquartered in London, is one of the top ten property consultancies in Europe (55 offices in 17 countries), with a comprehensive network of over 165 wholly owned and associated offices throughout the world, including Asia Pacific and North America. Over 3,800 staff throughout these offices covers property and related services in the commercial market including the industrial, office, retail and leisure sectors. The firm operates in all sectors of the property market, providing a comprehensive range of services to investors, developers, occupiers and owners.

King Sturge's excellence in offering high quality property services to clients is demonstrated by our Quality Assurance accreditation under ISO 9001, ensuring that the same level of services is provided throughout their offices worldwide.

King Sturge LLP began its activities in Romania back in 2000. The decision to open our offices in Bucharest in 2006 was made due to the demand for comprehensive consultancy services from their international client base and the new business and client opportunities available in Romania.

Our people make the difference: a multicultural team, combining Romanian and international professional expertise, featuring memberships of Royal Institution of Chartered Surveyors (RICS), National Association of Romanian Valuers (ANEVAR), International Council of Shopping Centers (ICSC), with relevant experience in the real estate markets throughout Europe. The company has tripled its personnel in 2 years' time and is considering further growth.

Our in-depth knowledge of all real estate sectors is based on scientific research tools and analysis. This is the key to fully understanding our clients' needs in order to offer tailor-made solutions to their property investments. King Sturge's Mission Statement is to 'exceed expectations consistently'. This translates into better positioning for their clients in the increasing competition trend witnessed on the Romanian investment market.

The company offers a wide range of real estate consultancy services, including:

• Investment Agency
• Valuation & Research
• Property & Asset Management
• Project Management & Building Consultancy

Romanian Furniture Maker, Retailer Mobexpert Sees 2008 Turnover Up 10% to 185 Mln Euro

February 4 (SeeNews) - Romanian furniture producer and retailer Mobexpert Group said on Monday it expects its turnover to rise 10% to 185 million euro ($274.3 million) this year from 168 million euro it had in 2007.

Mobexpert Group has five hypermarkets and 27 stores in Romania. It opened its first hypermarket abroad in the Bulgarian capital Sofia in September last year. It also has an office furniture store in Sofia and another one in Serbia's capital Belgrade. The group has eight furniture factories, nine import and logistics companies, and a real estate investment firm, Domus Mex.

Mobexpert Group retail sales rose 28% in 2007. Home furniture and decorative products accounted for 77% of the total sales volume and the rest was office furniture sales. sales in the hypermarket in Bulgaria alone have been growing by an average of 15% monthly since its launch, the company said in a statement but provided no sales value. The group's exports fell by 11%, representing 27% of the total production last year.

Mobexpert exports the output of its furniture factories to western Europe, including France, Germany and the Netherlands. Exports to western markets will reach some 20% of the total output in 2008 due to the higher demand on the regional markets. "I think that 2008 will be the year of the consolidation of the Mobexpert Group's business on a regional level," the president of the group, Dan Sucu, said in the statement.

The company will invest some eight million euro this year in four new outlets in the Romanian cities of Suceava, Pitesti, Ploiesti and the capital Bucharest. It will complete a 28 million euro project, launched in May 2007 to upgrade four of its factories and to build a new logistics platform in the central Romanian city of Targu Mures. The platform is expected to become operational in the second quarter of 2008.

RELAD distributes the L'Oréal range of products

RELAD's intention to diversify its services and product range materialized in March 2006, when the company started its collaboration with L'Oréal. According to the contract, RELAD sales L'Oréal products in pharmacies. In order to do this, RELAD has established a new sales division, especially for L'Oréal products.

Each member of the new sales team is assigned as L'Oréal dedicated Sales Representative for a small portfolio of clients, so that he can best manage the pharmacies assigned.

RELAD has developed the new sales division maintaining the base principles to which the clients became accustomed to. For the L'Oréal products the clients have the same possibilities to contact the company: through the sales representative, the telephone sales operator and the distribution agent. The client can launch the cosmetics order helped by the sales representative who is constantly present in the area, or through the RELAD telephone sales operator, exactly as he can do for the pharmaceutical products.

"The payments for the L'Oréal products can be made through newly created accounts, different from those used to pay for the pharmaceutical products. These accounts will be communicated in the shortest time to all the pharmacies by our regional managers", says Dan Chiran, Manager of the new division.

New RELAD warehouses in Craiova, Iasi and Timisoara

RELAD constantly seeks to improve its services, to develop attractive offers of products and services, in other words to become better and best adapted to its client's requests. Taking this into account, RELAD will continue to invest in its storage capacity for medicine in 2006. As an example, during the last three months, the RELAD warehouses in Craiova, Timisoara and Iasi have changed their locations. Now they are situated in large, modern spaces, having all the facilities needed for the best distribution and storage of pharmaceutical products, according to all GDP standards. The area of each of the three new warehouses is of more than 1000 sqm, 500 sqm of which are dedicated to medicine storage. The investments in projects to develop the company's infrastructure will continue in 2006. 'We are now working at three logistics projects, which we hope to conclude during the next three months', confessed Darius Iancu, Logistics Director.

Rynart Transport Rynart is a Dutch company that was established in 1928 and which is run by the third generation of the Rynart family. Rynart is a leading logistic service provider and operates form distribution centers in The Netherlands, Hungary, Turkey and Romania. Rynart is for example the market leader in Hungary in storage and distribution of fast moving consumer goods (both food and non food) and regional distribution towards the surrounding countries. Rynart is also the market leader on the line haul Holland - Hungary. Almost all leading retailers and producers of fast moving consumer goods are client of Rynart including Unilever, Nestle, Danone, Sara Lee, Amstel, Heineken, Numico, Tesco, Metro and Auchan. Rynart generated revenues of over EUR 95 million in 2005. The company employs over 2300 FTEs.

Tassulo Group invests 15m euros in plant in Bolintin

The Italian group Tassullo, specialising in the production of thermo-insulating construction materials, will invest some 15 million euros in the next three years in building a construction materials plant in Bolintin, near Bucharest, and in developing logistical facilities. "We have studied the Romanian market for two years in order to understand how it operates. Now we intend to hold a stronger presence on the market and to invest both in production facilities and in logistics," Stefano Odorizzi, chairman of Tassullo, told ZF. Once the plant is completed, the company estimates it will see a significant growth in turnover. "By the end of 2008, we estimate a 10 million-euro turnover.

Kuehne + Nagel has pre-leased 115,000 sq ft (10,700 sq m) of industrial space at ProLogis Park Bucharest A1. This was the first deal clinched by ProLogis in Romania after the company revealed ambitious expansion plans for the emerging market last year.

ProLogis Park Bucharest A1 is a new industrial area less than 14 miles from the capital along the A1 motorway, Romania’s most important transport route. Two distribution centres are now under construction, totalling 577,900 sq ft (53,700 sq m).

In September 2003, Augsburg opened INTERNATIONAL AUTO first supermarket in Romania.

The company now has after-market auto parts supermarkets in 5 cities, Bucharest, Brasov, Iasi, Arad & Cluj.

The company has now leased a distribution warehouse facility from Prologis

Centrum will occupy space in a new distribution center being developed at ProLogis Park Bucharest A1, located along the Bucharest-Pitesti highway, Romania's primary east-west interstate, approximately 23 kilometers west of downtown Bucharest. Centrum, which currently leases 89,000 square feet (8,300 square meters) in another building at the same park, is consolidating its existing operations there and will expand into the new facility, which totals 300,000 square feet (27,900 square meters), once it is completed before the end of the year.

Romanian company Powertek, sole distributor in Romania of construction equipment produced by American brand Terex, say they intend to post a 30 million-euro turnover this year, almost four times higher than the 8.5 million-euros posted last year. "Since 2004 we have managed to triple our turnover each year. I think this trend will continue this year and in 2008," Andrei Necula, general manager and sole shareholder of Powertek, told ZF. According to information provided by Necula, in the first four months of this year, the company has already reached the level of turnover it derived in 2006. The growth rate has been prompted by the increasingly higher demand for products, which has been stimulated by the growth of the constructions sector, as well as by the expansion of local branches. more....

The Bolintin Deal developers visited the Dublin Citywest location to evaluate a 5,000 hectare development that has been completed over past 12 years.

Location similarities regarding distance form the City centre, Location on Primary East-West Motorway and positioning on City Ring motorway has convinced the developers that the Bolintin Deal location is strategically positioned to be the centre of Bucharest's 1st satellite city.

A 25 hectare residential project will commence by the end of 2007. Infrastructure work is in progress in October 2007. - Master Plan

A second stage 300 hectare development is in Masterplanning phase, and will include Commercial developments - Office & Retail in a carefully landscaped environment - to be supplemented by Hotel developments as the New Town develops. more......