This is the second warehouse secured by the retailer, which already owns a 12,000 sqm facility in Cluj.
“The expansion strategy of Profi supermarkets has been very dynamic in the past 2 years and with the new distribution center in Ploiesti the retailer will optimize its supply chain and will better position in the area,” realty consulting company DTZ Echinox, which assisted IMMOFINANZ Group in the transaction with Profi, said in a statement Thursday.
LogCenter is a class A logistic facility, located in the western part of Ploiesti. The total project comprises 38 hectares with 15,000 sqm developed, according to the statement.
Profi has planned investments of about EUR18 million in 2013 to extend its Romanian network. The retailer’s expansion plan includes both new openings and the acquisition of local store networks.
According to Profi representatives, the retailer’s sales increased slightly in 2012 and will continue to climb this year. In 2011, Profi registered sales of EUR214.5 million, up 29% on the year.
In Romania, Immofinanz Group is one of the leading real-estate developers and investors with a portfolio of 89 properties in mostly office and commercial space, estimated at EUR1 billion.