The largest industrial space transaction of the year: Metro leases 58,000 sqm from WdP in northern Bucharest

Newsroom 05/11/2018 | 12:39

After advising Microsoft in the largest office transaction of the year last week, real estate consultant JLL advised Metro Cash&Carry this week in the proccess of consolidating its distribution centers into a one-roof concept in the new project developed by WdP in the north of Bucharest, in Stefanesti. The 58,000-sqm leased space is the largest transaction on the Romanian industrial market this year.

”Together with Metro we have designed a very well-structured tender process with a strict timeline that allowed us to conclude the contract in just six months. It was a complex project involving both ambient and temperature control areas, the biggest challenge being to set up all the details for a record transaction of more than 58,000 sqm”, said Costin Banica, head of Industrial Department of JLL România.

The west of Bucharest, a prime industrial area, is facing a shortage of logistics workers, and companies operating have had to attract people from 50-60 km away.

“Stefanesti offers all the advantages of an emerging area, including a higher availability of workforce. Metro has appreciated the operational advantage of being in an area were the Ring Road is developed as an express road together with very good connections to the A1 highway to Pitesti and inner Bucharest”, said Viorel Opait, Business Developer Director at JLL Romania.

The trend of consolidating logistics operations in order to optimise the supply chain within retail networks is present more and more in the industrial market’s most dynamic period.