Helios Phoenix extends on Romanian market by acquiring Millenium Logistic Park
Greek developer Helios Phoenix extends its Romanian portfolio by acquiring Millenium Logistic Park. The industrial park located in Popesti Leordeni with 12,000 sqm of warehouses will be renamed Olympian Park East Bucharest 2017-03-27 13:02:57
This is the company's third industrial park in Romania, after two Olympian Park in Brasov and Timisoara, both managed by Colliers International.
"The acquisition of Millennium Logistic Park is a proof of the confidence we have in the industrial market in Romania, for which have plans of further development," said Athos Myrianthous, development director for Helios Phoenix. "This new industrial park adds 30 per cent to our current portfolio, which comes to almost 80,000 sqm of warehouse space. Moreover, we already have advanced talks to extend this new project, Olympian Park East Bucharest."
According to Colliers International, the current industrial stock in Romania is around three million sqm and will increase by 500,000 sqm this year, the highest delivery rate post-crisis.
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