“The possibility for expansion, strategic location and efficient management of P3 Bucharest A1 made E van Wijk decide to extend its lease for at least three more years in the industrial park that has expanded successfully in recent years. Renegotiation accounted for 17% of the 187,500 sqm of industrial stock traded in the first half of the year,” said Tudor Iuga, Senior Consultant, Industrial Services at CBRE Romania, which assisted E van Wijk in the lease renewal.
E van Wijk has been a tenant in the P3 Bucharest A1 industrial park since 2007 and gradually expanded to occupy 10,400 sqm, double compared with five years ago.
The industrial and logistics market registered good results in the first half of 2020 both in terms of traded volume and new deliveries, according to CBRE. Nearly 312,000 sqm of new industrial stock was added in the first half of the year, of which over 70% located in Bucharest.
“The capital city remains the most wanted hub for expansion. Moreover, the western area between km 13 and km 23 of the A1 highway remains highly attractive to tenants. In the past five years, industrial stock in western Bucharest doubled to 1.38 million and over 170,000 sqm are currently under construction,” said Andrei Jerca, Head of Industrial Services at CBRE Romania.