The transaction was brokered by real estate consulting company Cushman & Wakefield Echinox.
Metav will build a new built-to-suit building, customized according to the client’s requirements, and delivery is scheduled for the first quarter of 2021.
“The warehouse will be a semi-automatic, multifunctional one, meant to serve both the online business and the traditional one of Tei Group. I would like to thank the Tei and Metav Group representatives for their efforts in making this project possible,” said Andrei Brinzea, Partner, Head of Land, Industrial & Logistics, Cushman & Wakefield Echinox.
Tei Group is one of the largest Romanian entrepreneurial businesses in the retail industry. The two companies that operate the Farmacia Tei and Bebe Tei chains achieved a total turnover of approximately EUR200 million in 2019 and have 850 employees.