The extension of the lease contract for Carrefour’s 85,000 sqm warehouse is one of the largest transactions ever concluded on the Romanian logistics market.
CBRE said in a statement that in 2020, Carrefour Romania continued to expand, by opening 25 stores and thus reaching a network of over 360 physical stores, plus the carrefour.ro portal and Carrefour presence on the Bringo platform. Also, Carrefour has been a tenant of the P3 Bucharest A1 industrial park since 2007, where it had been extending gradually. Carrefour currently occupies a total 85,000 sqm within P3 Bucharest A1.
Alongside Carrefour, retailers in the fast-moving consumer goods (FMCG) sector are among the largest users of logistics space in Romania, as they currently occupy a total surface area of 1.1 million sqm, double compared with the level reported five years ago, per CBRE data. Other 200,000 sqm for companies in the FMCG sector are already under construction and CBRE estimates point to an additional 100,000 sqm to be transacted in 2021 and delivered in 2022.
P3 Bucharest A1 industrial park is located approximately 13 km west off Bucharest city center, with direct access to A1 highway. P3 Bucharest A1 has a total surface area of approximately 380,000 sqm and currently consists of 14 buildings, an electrical station and a rail terminal. Besides Carrefour, some of the park’s biggest tenants are eMag, Yusen Logistics, Gebrüder Weiss, Elit, Agricover, HOPI, Europharm, Interbrands and E Van Wijk.