P3 acquires 16 hectare site for new park in North West Bucharest
P3 Logistic Parks has acquired a 16-hectare site in Dragomiresti Vale, a prime logistic location on the north west outskirts of Bucharest. A new 80,000 sqm logistics park - to be known as P3 Bucharest NW Ring Road - is to be developed on the site, which has direct access to the newly extended Bucharest Ring Road and provides easy access to all parts of the Romanian capital, as well as the A1 and A3 highways. 2018-12-04 13:28:42
"This is the fifth new park that we have added to our pan-European portfolio this year" said P3 CEO Ian Worboys. "Romania is a key strategic market for P3. We believe that the country has strong growth potential. Our portfolio in the country has performed really well over the last three years, having grown from 215,000 sqm in 2015 to over 380,000 sqm in 2018. This latest land acquisition confirms our long-term commitment to the Romanian market. Our aim is to continue the growth of our business in the country in a sustainable manner."
"This acquisition is the first step in delivering on our strategy to expand P3's presence in the Romanian market with new locations both in Bucharest, as well as in other parts of the country. We are very excited to be starting this new chapter in P3's development in Romania and we aim to start the construction of the first warehouse building on this new park, our first project outside our existing P3 Bucharest Park, during the second half of 2019", added Sinziana Pardhan, Managing Director of P3 in Romania.
POP & PARTNERS advised P3 throughout the acquisition.
|
|
| |
|
Daily Info |
Smart city is not a fad, it's a necessity In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo... |
Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers" "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u... |
Telekom Romania, a strong supporter of Smart City development in Romania Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society... |
In the industrial era, the fight was for finite material resources. Not anymore Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e... |
Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania" Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p... |
|
|
|
|
|
|
|
|
advertising
advertising
advertising
|
More on News |
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania. |
FDI in Romania rises 10 per cent after ten months in 2018 Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romani... |
Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a... |
Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministr... |
ArcelorMittal receives binding offer for European assets from Liberty British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people. |
The Romanian labour market needs a well-thought approach, says FIC The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w... |
EBRD cuts economic growth forecast for Romania Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an... |
|