It said 55,000 sqm were new leases and 165,000 sqm were lease extensions.
“The Covid-19 pandemic brought our sector into the spotlight and showed the industrial-logistics segment is essential in the mechanism that makes modern society work,” said Sinziana Pardhan, general manager P3 Romania.
In the second half of 2020, the developer signed a collaboration agreement with passenger rail transporter CFR Calatori to ensure staff access via train to its P3 Bucharest A1 logistics park in western Bucharest.
It also signed the year’s biggest deal on the industrial real estate segment, a lease extension for the 85,000 sqm occupied in P3 Bucharest A1 by retailer Carrefour.
On a group level, P3 acquired the portfolios of Maximus and Matrix in two major deals in 2020, totaling a lettable area of 1.5 million sqm. P3 thus scaled up its portfolio by around 48% in 2002, to 6.5 million sqm of lettable space.