Immofinanz has closed two years ago the commercial centre with a rentable area of 26,000 sq. m, due to financial difficulties which hit the retail market outside Bucharest, being replaced by industrial spaces under the name of Log Center Arad.

According to sources on the real estate market, cited by the real estate consultant Cushman&Wakefield, the German producer pre-rented 7,000 sq. m of the available spaces. The project is situated in the European road E68, connecting Szeged (Hungary) and Brasov. Contacted by MEDIAFAX, Immofinanz representatives didn’t comment the information.

Leoni Wiring Systems, one of the largest cable producers on the local market has announced in the beginning of July that it will recruit this year 500 people for the factory in Arad, where approx. 5,300 employees are currently working. Therefore, by the end of the year, the cable factory Leoni in Arad could reach 6,000 employees.

Apart from the unit in Arad, Leoni also has in Romania a factory in Bistrita and in Pitesti. (source: zf.ro)