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.
Loud screens and noise stress young children and affect their development Sound pollution in Romanian homes affects children's learning, play, and sleep, who are more vulnerable to noise than adults Studies show that children exposed to TV for 2 hours daily are 6 times more likely to experience language development delays Renowned doctor: Experiences actually […]
Estonian cinema will take center stage at the 24th edition of the Transilvania International Film Festival (TIFF) in the Focus Estonia program, presenting a curated selection featuring both recent releases and rediscovered classics, screened in restored versions. Among the films to be screened is Moonika Siimets' The Black Hole (2024), a dark sci-fi comedy inspired […]
The ITH Group, which includes the portals Vola.ro, Fru.pl, and GoVola.com and operates in Romania, Poland, and Bulgaria, announced the direct integration of LOT Polish Airlines flights into its own platforms. The collaboration strengthens the group’s position as a regional leader in flight ticket distribution, according to its press release. This will be achieved through […]
In a ruling handed down on Tuesday, May 13, the Bucharest Court of Appeal rejected a request by US authorities for the extradition of a 17-year-old Romanian student. The youth is accused of sending hundreds of bomb threats and manipulating underage girls into engaging in acts of extreme violence, sexual exploitation, and self-harm. Aside from […]
Accor, a global leader in hospitality, has announced the expansion of its presence in Romania by signing a franchise agreement with Amazonia Aquapark SRL for Novotel Timișoara. The newly built hotel is scheduled to open by the end of 2027, marking the brand's first property outside Bucharest and becoming a flagship for Novotel in Eastern […]
A survey published on Wednesday, May 14, by the Open Minds Association shows that Romanians strongly support respect and mutual support in the workplace, signaling that the business environment can play a critical role in supporting social unity. According to the first data set from the “Diversity and Inclusion Barometer,” May 2025 edition, 81% of […]
