The transaction is one of the biggest acquisitions of lands for industrial developments, outside of capital Bucharest, over the last five years.
Dunwell has been operating on the market for less than a year and has completed several transactions with various partners in the retail, manufacturing and logistics sectors. The agency aims to reach a 10% market share in its first year of activity, and 30% in three years’ time. The agency started its activity in the second half of 2017.
Belgian real estate group VGP specializes in the acquisition, construction, leasing and management of industrial and logistics space. In Romania, it holds two logistics parks, namely, VGP Park Timisoara, which stretches onto 270,000 sqm of land and has a lettable area of over 120,000 sqm, and VGP Park Sibiu, which stretches onto 97,000 sqm of land and has a lettable area of over 45,000 sqm.
Dunwell is a start-up established in 2017, in capital Bucharest, by by Marian Orzu, Daniel Cautis and Laurentiu Badea