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.
Some dinners are eaten. Others are remembered. At Corinthia Grand Hotel du Boulevard, the past few months have unfolded like a quiet culinary opera. One by one, Europe’s most celebrated chefs arrived, took over the kitchen of Boulevard 73 and left behind more than menus; they left stories. Now, on December 4, the curtain falls. […]
HORIZON CITY, a €130 million residential project, is emerging as one of the most solid and forward-thinking developments in the Pipera area—both through its scale and through the modern direction it sets for the new residential standards in the north. Developed across nearly 23,000 sqm, with 699 apartments and 926 parking spaces, the project brings […]
Romania’s National Forest Administration, or Romsilva, announced that it is putting over 16,000 Christmas trees up for sale over the winter in a press release published on Thursday, November 27. The trees can be purchased directly from the offices of the forestry districts. Prices range between RON 17 (EUR 3.3) for a spruce...
Lot 3 Pietroasele–Buzău of Romania's A7 highway, also known as the Moldova highway, was inaugurated on Thursday, November 27. The newly inaugurated segment is 13.9 km long. The A7 connects Romania’s historic regions of Muntenia, the southern part of the country, with Moldova, the eastern part. “We are opening another 13 km of the Moldova Motorway […]
The City Hall of Sinaia, a popular mountain town roughly 120 km north of Bucharest, announced that a new attraction, the alpine coaster on Pârtia Nouă, will officially open on December 1. The installation, located in the ski area near the Sinaia Gondola, features what the authorities say is the longest track of its kind […]
The Romanian national team debuted with a victory in Group A of the Women’s Handball World Championship, organized in the Netherlands and Germany. Romania won 33–24 (13–12) against Croatia in the Ahoy Arena in Rotterdam on Thursday, November 27. The Romanian team dominated the match in the second half, left backer Sorina-Maria Grozav scoring 7 […]
