The new warehouse will enable Profi to expand in the western part of the country.
The lease also took the VGP park to a 100% occupancy rate. The logistical park currently has 17,000 sqm of class A storage space on an 18-hectare land near the Timisoara airport. The second stage of the park’s development is slated for completion this year and will double the class A logistical space currently available.
VGP is one of the leading Czech developers of logistical and industrial spaces and has recently gained a strong regional position in Germany and Central and eastern European countries such as Slovakia, Hungary, Estonia, and Romania.
Profi is the second largest modern retail chain in Romania. The supermarket network doubled its profit last year, to RON26.8 million (EUR6 million). The retailer opened 63 new stores in 2013 and plans to maintain this expansion rate in 2014.