Logicor, a leading owner and manager of logistics real estate in Europe, has completed the development of an additional c.23,000 sqm in the state-of-the-art Logicor Bucharest I Logistics Park in Mogoşoaia, 12km northwest of Bucharest city centre with good access to the Bucharest Ring Road and the city centre, through the Bucurestii Noi Blvd.
The brand-new asset consists of c.21,800 sqm warehouse space and c.1,200 sqm office and social spaces, and is 72% pre-let to three customers whose businesses are growing or relocating.
Mediplus, a full-line pharmaceutical wholesaler and existing customer in the Bucharest I Logistics Park, has taken an additional space of c.5,500 sqm to expand the business and accommodate a fully automatised e-commerce distribution system, the first of its kind in the Romanian market.
Alka, a snacks manufacturer, expanded on c.5,300 sqm to meet the needs of their growing operations.
Rotis Lux, a wheel tyres distributor, leased c.6,000 sqm to consolidate the storage and distribution activities in the new location.
Mihai Diaconescu, Director, Asset Management for Logicor Romania, said:
“The full completion of the Logicor Bucharest I Logistics Park is a milestone for our team in Romania, setting the quality benchmark for the entire portfolio.
New developments in prime logistics regions in Romania are already in our pipeline, reflecting the growing demand for modern and sustainable logistics space around the country. We own logistics zoned land allowing for the incremental development of more than 400,000 sqm of high-quality space.”
Currently, the Bucharest I Logistics Park consists of four buildings with a total space of approx. 150,000 sqm, 96% leased by leading international and local companies.
Bucharest I Logistics Park is ideal for in-city distribution, providing customers with unparalleled public transport connections. The Logistics Park is close to municipal bus stops and the train station connecting Otopeni Airport to Gara de Nord. Also, the closest subway stop Straulești is just 2.5 km away.
In line with its commitment to sustainability, Logicor Bucharest I Logistics Park obtained the BREEAM Very Good certification for c.38,000 sqm of space developed in 2020-2021 and is in process of obtaining at least Very Good for the c.23,000 sqm recently completed.