about us | newsletter | contact | archive | members area
Tal Roma, AFI Europe Romania
In 2017, the companies were facing a more competitive labour market»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

P3 continues P3 Bucharest park expansion, starting new warehouse in 2017

Pan-European logistics property investor-developer P3 started the construction of a new warehouse at P3 Bucharest park. The 13,900 sqm logistics facility will include 400 sqm of offices. P3 is already in advanced discussions with a potential customer interested in leasing the whole building.

2017-04-11 16:02:37

Since it purchased the park in 2015, P3 has built a total of 90,000 sqm of new logistics space. This latest warehouse is P3's 12th building at the park. During this year, it will add a further 65,000 sqm in three buildings, which means that P3 is well on the way to doubling the total size of the park in just two years.

The expansion of P3 Bucharest park is part of P3‘s pan-European expansion plans which will see it developing out its existing 1.8 million sqm land bank, purchasing land to extend existing parks and acquiring new sites in the countries in which it is already represented and new territories. P3 currently has live construction projects in four countries and many more in the pipeline.

"This is an exciting time for P3 in Romania as we start to deliver our ambitious expansion plans," said Blake Horsley, P3's country head in Romania. "This is our first building start of 2017. We plan to build a total of three warehouses this year. This builds upon the growth that P3 is experiencing across the nine European countries in which it develops. Our aim is to create the most important logistic hub in Bucharest area."

Completion of the warehouse is scheduled for August 2017, with the potential for an occupier to take early access in June.

P3 currently has a total of 305,000 sqm in 11 warehouses at P3 Bucharest Park. P3 has recently completed three new buildings at P3 Bucharest park and is also looking to expand in Bucharest as well as central and western parts of the country.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  7114 Views
Daily Info
Romania fourth in Europe for natural gas production and reserves, report shows

Romania is on the fourth place in Europe for last year's natural gas production and proven gas reserves, according to a report by BP.

Alro to proceed with a public offering of shares in the company

Alro today announces that its major shareholder, Vimetco N.V., and Conef S.A., intend to proceed with a public offering of shares in the company.

Renault to invest one billion Euro in electric vehicles production

Renault will invest more than 1 billion Euro to increase electric vehicle production capacity in France and add new models.

Hidroelectrica to provide electricity for RATB and Metrorex

Hidroelectrica has won two contracts for providing electricity services to RATB and Metrorex. Both contracts to be carried out for one year starting July 1 implies the deliver...

Romanian insurance sector doubles profit in 2017

The insurance sector in Romania doubled its net profit last year to 508 million RON (110 million Euro) from 251 million RON in 2016, according to profit.ro.

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

4 Comments

JLL Romania: 80 per cent of buildings under construction built according to international green standards

Stability and sustainability are the words that can describe the Romanian office market in 2017, according to Madalina Marinescu, Office Department consultant JLL Romania....

AFI Europe Romania: Romanian office market was exceptionally successful in 2017

The Romanian office market in 2017 was exceptionally successful, fuelled mainly by increased expansions and new entries in the IT&C, BPO sectors, as Tal Roma, Business Deve...

CW Echinox: Green certifications now a standard on the Romanian real estate market

2017 was a well-performing year for Bucharest's office market, with many new occupiers and expansions, and the delivered projects were rapidly absorbed, leading to a signif...

2 Comments

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

2 Comments

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

3 Comments