Global Vision and Globalworth expand their logistics and industrial activity in Targu Mures

Global Vision and Globalworth Industrial, Globalworth’s logistics and industrial sub-brand, are expanding their joint portfolio with Mures City Logistics, an industrial and logistics last mile project with a total land area of 37,900 sqm in Targu Mures.

Mures City Logistics, developed by Global Vision in partnership with Globalworth, is the first Class A industrial and logistics park in Targu Mures. In addition, Global Vision plans to develop a series of city logistics projects in locations such as Otopeni, Chitila, Oradea, and Bacău.

With the possibility to develop up to 18,000 sqm of warehouse space, temperature-controlled units, office and social areas in a single roof project, Mures City Logistics is expected to be finalised and delivered in Q1 2023.

“Through the projects we develop in different strategic locations across the country, we focus to bring together sustainable solutions with modern functions requested by our clients in particular, or by the current logistics and industrial market needs, in general. One of the advantages of these last mile projects is the significant costs optimization in the last leg of the supply chain, the delivery to the end users. Having a strong partnership with Globalworth since 2019 – one of our key responsibilities within this collaboration being that of identifying development opportunities throughout the country, including in areas with untapped potential – we are expanding our joint portfolio with Mureș City Logistics, a state-of-the art warehousing option for customers active in logistics and light industrial sectors. Furthermore, it is a market growth milestone for the entire region, one important pillar of our business being the contribution to the growth of local communities”, stated Sorin Preda, CEO & Founder Global Vision.

“The Globalworth strategy is focused on income generation and value creation primarily through a sizeable portfolio of Class A offices, and logistics/light industrial properties, a market that has grown strongly in the last five years. Being already present in the western, southern respectively eastern part of the country, we decided to expand to a new area: central Romania, Târgu Mureș being the 7th major city we are investing in our country. Therefore, we decided to acquire, together with our partner Global Vision, Mureș City Logistics, a last mile project where we intend to also develop temperature-controlled units, a niche market with very good prospects”, said Mihai Zaharia, Globalworth Romania Investment Director and Globalworth Group Capital Markets Director.

In the past months, Global Vision has acquired plots of land which provide a development potential of over 150,000 sqm. Otopeni City Logistics, Chitila City Logistics, Oradea City Logistics and Bacau City Logistics are some of the projects which will be implemented in the next period.