Romanian construction company Transilvania Constructii said that it has acquired an industrial park worth approximately 3.5 million euro ($3.78 million) from Comalim [BSE:MALI], a company operating in the real estate and wholesale sectors, says SeeNews.com.
The 16,000 sq m park located in the western city of Arad includes two warehouses, storage spaces and administrative buildings, Transilvania Constructii said in a press release.
Through the transaction, the company continues to consolidate its position in the west of the country.
The industrial park is built on a 4.4-hectare land plot and is to be modernised by Transilvania Constructii in the upcoming period.
Transilvania Constructii is a Romanian developer, owner and manager of real estate assets, with 20 years of experience. The company owns 250,000 sq m of built-up area of industrial and commercial properties.
Comalim was established in 1991 and operates in the real estate and wholesale sectors. The company is listed on the AeRo market of the Bucharest Stock Exchange.
Read more HERE
Read also:
C&W Echinox: Cargo-Partner rents a hub in Cluj of 2,700 sqm
