The building newly inaugurated consists of almost 21,800 sqm warehouse space and almost 1,200 sqm office and social spaces, and is 72% pre-let to three customers whose businesses are growing or relocating.
Mediplus, a full-line pharmaceutical wholesaler and existing customer in the Bucharest I Logistics Park, has leased an additional space of almost 5,500 sqm to expand the business and accommodate a fully automatised e-commerce distribution system, the first of its kind in the Romanian market.
Alka, a snacks manufacturer, expanded on almost 5,300 sqm to meet the needs of their growing operations.
Rotis Lux, a wheel tyres distributor, leased almost 6,000 sqm to consolidate the storage and distribution activities in the new location.
“The full completion of the Logicor Bucharest I Logistics Park is a milestone for our team in Romania, setting the quality benchmark for the entire portfolio. New developments in prime logistics regions in Romania are already in our pipeline, reflecting the growing demand for modern and sustainable logistics space around the country. We own logistics zoned land allowing for the incremental development of more than 400,000 sqm of high-quality space,” said Mihai Diaconescu, Director, Asset Management for Logicor Romania.
Currently, the Bucharest I Logistics Park consists of four buildings with a total space of approximately 150,000 sqm, 96% leased by leading international and local companies.
In line with its commitment to sustainability, Logicor Bucharest I Logistics Park obtained the BREEAM Very Good certification for almost 38,000 sqm of space developed in 2020-2021 and is in process of obtaining at least Very Good for the almost 23,000 sqm recently completed.
Logicor, one of the largest logistics space developers in Europe, was founded in 2012 by US Blackstone Group. In 2017, the company was acquired by China Investment Corporation for EUR12 billion.
Logicor has 591 assets in Belgium, the Czech Republic, Finland, France, Germany, Italy, The Netherlands, Poland, Portugal, Romania, Spain, Slovakia, Sweden and UK.