Banana distributor Yellow to become a tenant in MLP Bucharest West

Aurel Constantin 10/12/2019 | 09:14

One of Europe’s largest distributors of bananas marketed under the Yellow brand name is set to become a tenant at MLP Bucharest West in the first quarter of 2020. MLP Group was once again assisted by Dunwell, the leading industrial real estate agency in Romania.

In November this year, a distributor of bananas sold under the Yellow brand signed a contract with MLP Group to lease about 4,000 square meters of modern warehouse space, which is scheduled to be handed over to the tenant in February 2020.

“Romania has recently been going through an economic boom, attracting a growing number of investors. Ground was broken on our project at the beginning of 2019, and because we started building it on a speculative basis, we have been able to deliver the facility to our client so fast,” says Agnieszka Góźdź, Director of the Sales Department for Poland and Romania at MLP Group.

A family company that has been present on the market for 31 years, Citronex started as a fruit and vegetable trading business. Today, it is an importer and distributor of bananas, a tomato producer and an owner of petrol stations, hotels, and restaurants.

The company is a leading importer of bananas in Europe, supplying major retail chains, with the fruit imported mainly from plantations in Ecuador, Colombia, and Costa Rica. Bananas are distributed to hypermarkets and supermarkets, including Carrefour, Tesco and Biedronka in Poland, the Czech Republic, Germany, Slovakia, Croatia, Estonia, Lithuania, Latvia, Ukraine, and Hungary.

The Group established its presence in Romania in 2018 and will take over another distribution facility at the MLP Bucharest West logistics park in the first quarter of 2020.

“Finding a complementary partner was key to us, so before we made the decision we devoted time to thoroughly review the proposals and capabilities of various industry players. The decision to partner with MLP Group was driven primarily by the determination, speed and effectiveness of the company’s representatives in solving problems, as well as the reasonable market price. MLP Group not only has the expertise but also the resources needed to execute a demanding and complex project like this one. In the course of our working relationship, representatives of the Polish and Romanian branches of the company showed deep understanding of our needs and expectations, contributing to efficient and fruitful cooperation,” says Marek Szulc, Project Development Manager at YellowFreshFruits.

Phase one of the MLP Bucharest West logistics park has an area of 22,000 square meters, of which 12,000 sqm has already been built and leased, with another 10,000 sqm to be delivered in January 2020. The general contractor for the facility is Sagex Construct, which has many years of experience in building warehouse facilities. MLP Bucharest West is a new logistics and production park with a target area of as much as 99,000 sqm.

Excellent location is undoubtedly the number one factor in selecting the site for business operations – it is just 15 km away from the country’s capital city and has direct access to the city ring road and the A1 motorway.

MLP Group is one of the leading industrial space developers, operating on the Polish, German and Romanian markets as a property developer, consultant, and manager, providing comprehensive solutions to numerous Polish and international clients from the industrial manufacturing and distribution sectors, enabling them to optimize their warehouse and production space. The Group assures excellent quality of its services by developing all its logistics park projects in very attractive locations, using built-to-suit solutions.

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