CBRE advises E van Wijk in the renewal of 10,400 sqm of industrial spaces in P3 Bucharest A1

Real estate consultancy firm CBRE advised the integrated transport and logistics services provider E van Wijk in the process of renewal of approximately 10,400 sqm it occupies in the industrial park P3 Bucharest A1, located in the west of the capital city. The western part of Bucharest remains the most active area for new industrial developments, the stock doubling in the last five years.

E van Wijk has been a tenant of the P3 Bucharest A1 park since 2007 and has gradually expanded, occupying in present a total area of 10,400 sqm, double the volume leased five years ago. The current space includes an office area and the warehouse used to distribute more than 15,000 pallets per month, with more than 50 employees.

The industrial space market recorded positive results in the first half of the year, both in terms of traded volume and deliveries of new projects. Approximately 312,000 sqm of industrial spaces were added to the existing stock in the first six months, over 70% of this area being in Bucharest.

“The capital city remains the most desired area for expansion. Moreover, the western region, located between km 13 and km 23 of the A1 Motorway maintains its attractiveness to occupiers, being the most active in terms of new developments. The stock of industrial spaces in western Bucharest has doubled in the last five years, reaching 1.38 million sqm and over 170,000 sqm are under construction”, indicated Andrei Jerca, Head of Industrial Services, CBRE Romania.

E Van Wijk is a European provider of integrated transport and logistics services with subsidiaries in the Netherlands, Romania, Ukraine and Poland. The group was founded in 1949 in the Netherlands and focuses on customers in various industries such as electronics, food, retail, agribusiness, marketing, construction and more.