AIC International&Logistic Development have signed a prelease contract with Fashion Days for two built-to-suit warehouses spreading 13,700 sqm, company representatives announce. Vabeld Group, through its Romanian subsidiary Varoed, will provide funding and long term holding of this project.
The first warehouse, covering 7,289 sqm, will be delivered in April 2016, and the second one (6,425 sqm) is projected to be finished in May 2016. Both buildings are divided into an office area and a warehouse area and will include external platforms for access and parking.
The two spaces are located within A1 Business Park, situated on Km 13 of the Bucharest-Pitesti motorway on a 70-hectare plot with more than 100,000 built sqm and a complete infrastructure ready to support modern industrial and logistic operations.
Fashion Days’ growing business called for an increased warehousing space, especially since the Romanian depositing spaces hold the entire stock of the company, the merchandise being delivered from here to every other market where Fashion Days is present.
“Fashion Days’ new business model involves a larger stock of products coming from new collections, a shorter delivery time and a greater diversity for our customers. For the moment, the selection we provide to our customers counts 500,000 items, but we are looking at increasing this number. To implement these changes, new warehousing premises were needed,” stated Razvan Predica, Fashion Days CEO.
AIC Industrial and Logistic Development Romania is a division of AIC Srl. The team is present in Romania since 1995 and active in the automotive and real estate sector. AIC team has developed and sold more than 350,000 sqm of class A industrial and logistics buildings in Romania amongst them Cefin Logistic Park Bucharest (currently owned by P3), A1 Business Park (currently owned by VALAD), Cefin Logistic Park in Arad (currently owned by CTP) and Dunca Logistic Park in Timisoara (still owned by AIC). In the last 24 months AIC has successfully completed transactions with a total value in excess of 30 million euro related to industrial and logistic real estate properties.
Started in Switzerland in 2009, Fashion Days quickly grew, currently operating in Bulgaria, Hungary, and Romania. The company now serves 4 million customers and 1.6 million Facebook fans.
(In the picture: Stefano Albarosa – CEO AIC, Kristof Haentjens – senior and legal advisor Vabeld and Paul Copil – operations director Fashion Days)