Proinvest Group has sold its thermal insulation panel division to Italy’s Lattonedil Group, one of Europe's largest players in this segment. The transaction marks a new consolidation in the Romanian construction materials sector, where local entrepreneurial companies are increasingly attracting the attention of strategic investors from the West.
Real estate developer Nusco, one of the largest actors on Romania’s real estate market, has secured the construction permit for the third phase of the Nusco City, a mixed-use project developed on the former Pipera industrial site (northern Bucharest), on a 23-hectare area.