„The new plot of land, which is part of the biggest logistics park in Bucharest, offers P3 the possibility to build a warehouse of up to 100,000 sqm. As part of the development strategy, P3 has acquired this land in the vicinity of P3 Bucharest park in order to adapt to increased demand from both new and existing clients and to meet their logistic needs”, the company said in a statement.
Sinziana Pardhan, country manager P3 Romania, said P3 Bucharest Park is the biggest logistics park in Romania, with more than 2,500 people working in 370,000 sqm of storage and office space.
P3 currently has a total 370,000 sqm in 14 warehouses in P3 Bucharest park and another 100,000 sqm which allow the development of new spaces. P3 Bucharest Park is located on Bucharest beltway. P3 is also attempting to expand in both Bucharest and in central and western Romania.
P3 is a specialised investor, developer and manager of logistic properties in Europe. P3 is active across Europe and its portfolio currently includes 185 warehouses totaling 3.9 million sqm of space in nine countries. P3 also has a portfolio of lands of over 1.8 million sqm which allow the development of new spaces. P3 is held by GIC, Singapore’s sovereign wealth fund.