The project in Chitila will have an area of around 77,000 square meters and will be built in partnership with Global Vision.
Globalworth recently completed the first stage of the expansion of its logistics project in Timisoara, western Romania.
“We continue to see strong demand in the logistics and industrial sectors. Our project Global Logistics Timisoara (the former Timisoara Airport Park) has been very successful and is fully leased by major companies. Our strategy for the upcoming period will continue to focus on strengthening our leadership on the office market, but we also want to grow our presence on the logistics segment with new project, starting with the expansion of Global Logistics Timisoara and the new investment in Chitila in partnership with Global Vision. These investments will be developed through the Global Logistics platform, which will include all the industrial and logistics projects,” said Dimitris Raptis, the Deputy CEO and CIO of Globalworth.
Global Logistics Chitila is a “last-mile” type logistics project that will be built on a surface of over 136,000 sqm. The development will be done in several stages, with the first 20,000 sqm scheduled for delivery in the first half of 2020.