Following this transaction, Globalworth is present in seven cities, respectively Arad, Bucharest, Constanta, Oradea, Pitesti, Targu Mures and Timisoara. Targu Mures is the third location developed in association with Global Vision, after Constanta Business Park and Chitila Logistics Hub.
Mures City Logistics is the first Class A industrial and logistics park in Targu Mures. In addition, Global Vision plans to develop a series of city logistics projects in locations such as Otopeni, Chitila, Oradea, and Bacau. With the possibility to develop up to 18,000 sqm of warehouse space, temperature-controlled units, office and social areas in a single roof project, Mures City Logistics is expected to be completed and delivered in the first quarter of 2023.
“Through the projects we develop in different strategic locations across the country, we focus on bringing together sustainable solutions with modern functions requested by our clients in particular, or by the current logistics and industrial market needs, in general. One of the advantages of these last mile projects is the significant cost optimization in the last leg of the supply chain, the delivery to end users (…)”, stated Sorin Preda, CEO & Founder Global Vision.
“The Globalworth strategy is focused on income generation and value creation primarily through a sizeable portfolio of Class A offices, and logistics/light industrial properties, a market that has grown strongly in the last five years. Being already present in the western, southern respectively eastern part of the country, we decided to expand to a new area: central Romania, Târgu Mureș being the 7th major city we are investing in our country. Therefore, we decided to acquire, together with our partner Global Vision, Mureș City Logistics, a last mile project where we intend to also develop temperature-controlled units, a niche market with very good prospects”, said Mihai Zaharia, Globalworth Romania Investment Director and Globalworth Group Capital Markets Director.
Over the past months, Global Vision has acquired plots of land which provide a development potential of over 150,000 sqm. Otopeni City Logistics, Chitila City Logistics, Oradea City Logistics and Bacau City Logistics are some of the projects to be implemented in the next period.