Jones Lang LaSalle: Romania remains attractive for industrial projects

 Jones Lang LaSalle, a real estate consultancy,  believes that Romania is still attractive for investors, especially in the agriculture and light industry sector. The company assisted The Toro Company in buying land for their production unit in Ploiesti West Park.

Jones Lang LaSalle advised Toro on buying a 3.5 ha of land in Ploiesti West Park, developed by Alinso Group. Recently, Toro opened its new 12.500 m2 plant, with an investment reaching EUR 20 million, which will produce micro-irrigation systems.

Irina Iliescu, senior consultant, Industrial & Logistics department of Jones Lang LaSalle explains that new investments in the production sector, that are aiming to be near the Bucharest market, will be placed in satellite cities such as Ploiesti or Pitesti. These areas have lower labor costs and a functioning infrastructure. Iliescu also mentions that American suppliers to the oil industry, such as Lufkin Industries or Cameron, are looking to set up projects in Ploiesti. She adds that the automotive industry will keep investing in building its own production facilities.           
     
The Industrial & Logistics department of Jones Lang LaSalle also represented Heineken in the second quarter of this year in the disposal to GED Capital of a 4ha land and a  6,000 m2  warehouse that includes office space.

Ovidiu Posirca