Global Vision has announced its future plans after the landmark transaction with WDP Romania.“We are at a significant milestone in the evolution of Global Vision, which demonstrates the success we have been able to achieve in all our projects. In our 20 years in business, we have developed over 500.000 sq.m of top-class industrial and logistics projects that have become landmarks for major companies around the world. We are proud to announce this transaction with WDP with whom I believe we share the same values: entrepreneurship, passion, integrity, agility, flexibility, trust and responsibility for a sustainable future of the next generations. As we look to the future, we remain dedicated to contributing significantly to the growth of logistical and industrial infrastructure in Romania and diversifying our areas of expertise in other real estate sectors and industries. Going forward, Global Vision is creating a new division within the group dedicated to the investment and development of green energy projects. This initiative aims to provide clients with green energy produced within the group itself, reinforcing commitment to sustainability. Moreover, the group is going to develop and launch its own real estate investment platform open for other investors. This platform will finance acquisitions and developments of innovative and sustainable projects identified by the group in high-potential markets in Romania and beyond, facilitating growth and expansion at international level” – stated Sorin Preda, Founder Global Vision. Global Vision’s joint venture with Globalworth completed the divestment of 136,374 sq.m of leasable area and a plot of land in Constanta with 300,000 sq.m GLA development potential to WDP Romania. This transaction oversees properties in Bucharest, Constanta and Targu Mures, totaling an investment of roughly 110 million EUR. The existing assets consist of four Class A warehouses and light industrial projects, leased to a diverse range of tenants. The asset in Greater Bucharest consists of 76,994 sq.m of leasable area and is located in Chitila. In Constanta, the largest Black Sea port and a crucial strategic hub, WDP Romania acquired two existing properties totalling 41,117 sq.m, along with a large plot for development spanning a total of over 300,000 sq.m in GLA potential. These assets are directly adjacent to the main port area and feature possible railway connectivity. A building permit is in place for a third property and commercial negotiations are ongoing. In Targu Mures the transaction consits of an 18,263 sq.m asset, located in the heart of Transylvania, a crucial regional logistics hub, benefiting from its recent connection to Romania’s expanding motorway network.
Representatives of the ruling Social Democratic Party, PSD, gathered for a congress in Bucharest on Friday, November 7, to elect new leadership and to amend the party’s Statute. The only candidate for party leader is Sorin Grindeanu, who held the interim position after Marcel Ciolacu's resignation in May. In his speech at the congress, Sorin […]
The e-commerce sector recorded strong early results on Black Friday 2025, according to real-time data released on Friday, November 7, by PayU GPO Romania from its dedicated Media Center. By 14:10, the payment processor reported successful transactions totaling RON 514 million (roughly EUR 101 million). PayU said shoppers had made roughly 889,000 purchases, with around […]
Contakt Express Logistik, one of Romania’s leading retailers of mobile phone and tablet accessories, with a network of over 235 stores, is set to launch the initial public offering (IPO) between November 12 and December 3, 2025. The company offers a wide range of products, including cases, screen protectors, chargers, and gadgets, both in physical […]
Romania attracts fewer international tourists today than it did during the communist era, making it the only country in Europe in this situation, the National Association of Travel Agencies (ANAT) warned, as reported by news agency Agerpres. According to the organization, Romania received more than 3.4...
InterCapital ETF, the first international ETF provider in Romania, will launch two new exchange-traded funds on the Bucharest Stock Exchange starting November 11, 2025. The new instruments are the InterCapital CROBEX10 TR UCITS ETF, which offers exposure to the Croatian blue-chip equity market by tracking the performance of the CROBEX10tr index, and the InterCapital EUR […]
The Competition Councils of Romania, Bulgaria, and the Republic of Moldova have granted the necessary authorizations and approvals for the completion of the transaction through which Maspex Romania takes over the majority shareholding of Purcari Wineries. The Maspex Group, which has been present in Romania for nearly 30 years, became the majority shareholder of one […]
