Real estate consultancy Cushman & Wakefield Echinox has been mandated to sell HempFlax agricultural portfolio in Romania.
HempFlax’s decision to exit the Romanian market follows a reassessment of its strategic focus, where vertical supply chain integration in value adding activities is preferred over bulk production. The company will concentrate its investments closer to its primary Western European clientele, reflecting a strategic business decision to optimize resources and align future growth with client demand, according to Cushman & Wakefield Echinox consultants.
HempFlax was founded in 1993 by Ben Dronkers an dis active in the Netherlands, Germany and Romania.
“This portfolio presents a rare opportunity for investors to acquire large-scale, high-quality agricultural land in one of Romania’s most dynamic industrial regions. With competitive pricing compared to Western European markets and the inclusion of essential equipment and infrastructure, we expect strong interest from both local and international buyers,” stated Stefan Surcel, head of Industrial Agency Cushman & Wakefield Echinox.
HempFlax Europe company of Alba county for 2024 reported RON2.9 million turnover, down 35%, and RON14,560 profit, with 5 employees.
(English version by Catalina Apostoiu)