Immofinanz extended its deal with Profi Rom Food for another five years and the retailer leased an additional 12,000 sqm of logistical space.
The expansion, part of the second construction phase of the logistical park, takes effect in February 2016 under a contract valid until 2023.
Sorin Visoianu, Country Manager Office & Logistics of Immofinanz for Romania and Bulgaria, said the second phase of the logistical center is already 80% pre-leased.
LOG.IQ is a class A industrial development project covering 38 hectares, of which 15,000 sqm were developed in a first stage, started in 2007. The second stage will be delivered in February 2016 and will enhance the leasable area to over 67,000 sqm.
Immofinanz Group has been operating in logistics since 1991. The group’s logistical portfolio, under the brand LOG.IQ, includes 59 centers totaling over one million sqm. The developer operates in retail, office, and logistical spaces in Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Russia.
Profi has over 300 stores in Romania.