The deal would entail the sale of P3 logistics park by the A1 Highway.
P3 Bucharest A1 park is located near Chiajna, about 13 kilometers west of the center of Bucharest, with direct access to the A1 Highway.
The park has an area of about 380,000 square meters and currently consists of 14 buildings, an electric station and a railway terminal.
It also has a self-service restaurant that opened in November 2023 and can seat 200 people and a building with accommodation facilities for 252 workers.
The largest tenants include Carrefour, eMAG, Altex, Gebrüder Weiss, Elit, Agricover, HOPI, Europharm, Interbrands and Logistic E Van Wilk.
The latest P3 report says that, according to an internal valuation, the portfolio in Romania stands at EUR265 million, EUR251 million of which investment properties.
At an average rent of EUR4.5/square meter/month, if P3 collected EUR251 million for the existing buildings, the deal would close at a yield of 8%.
(English version by Loredana Fratila-Cristescu)