Millenium Logistic Park is the third project of this type acquired by the developer on the local market, after Olympian Park in Brasov and Olympian Park in Timisoara, both managed by real estate consulting company Colliers International.
Millenium Logistic Park, which includes 11 hectares of land and 12,000 sqm of warehouses, was bought from AGI-RRE Hera.
According to the latest report by Colliers International, the logistic space stock in Romania currently reaches 3 million sqm and will increase by 500,000 (17%) this year, marking the highest post-crisis delivery rate. Bucharest will account for approximately 80% of the total logistic space deliveries but investors also became interested in secondary cities due to the highway project in Transylvania.
Helios Phoenix has been present on the Romanian market since 1997. Its portfolio includes 66,000 sqm of warehouse spaces, 30,000 sqm of land for residential projects, 410,000 sqm of land for industrial projects, 2,500 finalized or almost finalized residential units and 20,000 sqm of storage facilities.