Max Bogl Romania, the domestic branch of Germany's Max Bogl group, is involved in talks to build a real estate project in North Bucharest, which will be developed in the wake of a investments worth 300m euros, after three years of exclusively being involved in infrastructure works.
In order to expand its portfolio, Max Bogl will launch a 25-30m-euro investment in a prefabricated concrete slabs plant in Ciorogarla, west of Bucharest, in partnership with the domestic construction firm Bog'Art, owned by businessman Raul Doicescu.
Boegl Bog'Art, the company that resulted in the wake of this joint venture, acquired a 9.5-hectare land plot in Ciorogarla where it intends to build a facility that will include 3 halls for the production of prefabricated concrete slabs.
"The new production facility will be located close to the Bucharest-Pitesti highway and we are about to finalise the acquisition of land, with prices having gone from 10 euros/square metre to 35 euros/square metre during the past year," says Romeo Botocan, an executive officer with Max Bogl Romania, a company that was involved in the construction of Drajna-Fetesti and Fetesti-Cernavoda sections of the Sun highway.
Boegl Bog'Art already owns a facility in Bucharest that produces prefabricated concrete slabs for urban tramlines and a facility that makes asphalt mixtures, in which it invested 3m euros. Moreover, Max Bogl also operated investments in the construction of a mobile facility that manufactures prefabricated concrete slabs inside Lia Manoliu complex in Bucharest, where the company is building, together with Italy's Astaldi, the new Lia Manoliu stadium, a 120m euro project, excluding VAT.
"We invested 5m euros in a mobile facility that makes prefabricated concrete slabs and in a concrete mixing station, which will be moved after the project is finalised at Ciorogarla platform," explains Botocan.
After it won the Lia Manoliu contract, the company also brought its civil engineering unit onto the Romanian market after only being present here with its infrastructure unit for three years. "We want to expand in the field of civil engineering and are in talks to start the construction of a real estate project in northern Bucharest," says Botocan. In 2007, Max Bogl generated turnover worth some 60m euros, up 50% year-on-year.
The company is also involved in the construction of the passageway at Doamna Ghica in East Bucharest (15m euros), the inter-penetration from Splaiul Independentei-Ciurel-A1 highway (140m euros) in partnership with Astaldi, Tehnologica Radion and Euro Construct Trading '98, and the project related to the inter-penetration and linkage Splaiul Unirii-A2 highway (68m euros), in a joint venture with Astaldi and Euro Construct Trading '98. These works are due to start by yearend. Moreover, the company won, in a consortium with Geiger and Contram firms, the project related to the construction of the Sibiu orbital road, which is worth 50m euros.
Max Bogl
Is involved in talks to build a real estate project in North Bucharest, which will be developed in the wake of a investments worth 300m euros, after 3 years of exclusively being involved in infrastructure works
In order to expand its portfolio, Max Bogl will launch a 25-30m-euro investment in a prefabricated concrete slabs plant in Ciorogarla, west of Bucharest, in partnership with the domestic construction firm Bog'Art
Generated turnover worth some 60m euros, up 50% year-on-year
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