HempFlax Group B.V. has mandated Cushman & Wakefield Echinox to manage the sale of its agricultural portfolio in the Sebeș-Alba Iulia region, marking the company's exit from the Romanian market after 14 years. The divestment includes nearly 800 hectares land, along with associated farm buildings and machinery.
The Dutch-based firm, which entered Romania in 2012, is shifting its operational focus to Western Europe. This consolidation involves relocating processing equipment from the Romanian facility to its headquarters in Oude Pekela, Netherlands, where the company has recently expanded its capacity.
On top of the land assets, the sale includes a specialized fleet of agricultural equipment. Cushman & Wakefield Echinox is targeting investors within the professionalized agribusiness sector for the contiguous holding, which remains one of the few large-scale, irrigated blocks available in the region.
HempFlax has confirmed that its future cultivation efforts will be restricted to approximately 600 hectares managed in close proximity to its primary processing hubs. All remaining Romanian assets are expected to be liquidated as the company completes its withdrawal from the Eastern European market.
Source: cwechinox.com
