Industrial park developer CTP, a top five European logistics property company and the largest logistics property owner-developer in Central and Eastern Europe, announces investments of EUR200 million by the end of 2021, in the construction of 300,000 square meters of warehouses in logistics parks in the cities and towns of Bucharest, Timisoara, Turda, Sibiu and Pitesti.
Romanian car parts manufacturer Compa Sibiu (CMP.RO) will be inaugurating two hotels in the city of Sibiu in 2023, on the site of the former Arsenal factory. The hotels will operate under the Mercure and ibis Styles brands.
APX hotel group of Romanian investor Adrian Polec, which owns four hotels in Bucharest and the rest of the country, will open its fifth hotel, in Sibiu, next year.