Logicor, a leading owner and manager of logistics real estate in Europe, has completed the development of a state-of-the-art warehouse in Mogoșoaia, Romania. The brand-new 38,000 sqm Building D, fully leased ahead of development completion, is part of the Logicor Bucharest I logistics park and offers fast distribution access to Bucharest and the rest of the country.
Bartosz Mierzwiak, Managing Director of Logicor for CEE & Northern Europe, said: “Demand for high-quality logistics properties around Bucharest continues to soar, making it one of the most dynamic regions in the CEE area. At Bucharest I Logistics park, customers will find high-quality warehouse space that can be adapted to their needs in order to support their growth potential. In Romania, we own logistics zoned land allowing for the incremental development of more than 450,000 sqm of high-quality warehouse space in prime logistics regions and are well positioned to meet our customer’s requirements.”
With the completion of Building D, Logicor Bucharest I logistics park comprises four buildings with a total area of 125,000 sqm of high-quality warehouse space in a prime location that provides customers with unparalleled public transport connections. Bus and high frequency train stops connecting Bucharest city centre are within walking distance to the park and the closest subway line is 2.5 km away. The location is ideal for in-city distribution, as Bucharest city centre can be reached in under 25 minutes in peak traffic hours. The newly opened Ring Road Overpass in Mogosoaia further enhances the park’s accessibility.
Both international and local companies have already committed to the long-term pre-let of 100% of Building D. Tenants represent a wide range of sectors including FMCG (Kaufland Romania, Top Line Distribution, B&B Romania), Pharma (Fildas Romania), logistics and distribution (Vector International, Pro-Natur, SLS Cargo, Eurovet).
On the back its successful development and leasing activity and in order to respond to customers’ needs, Logicor is now committed to develop an additional 22,000 sqm built-to-suit warehouse in the park, providing customers with brand-new flexible space and long-term growth potential. Drawing on expertise in high-quality, sustainable modern warehouse design and construction, the new warehouse will target BREEAM Very Good or equivalent standard, including features such as LED lighting and electrical vehicle charging stations.
Mihai Diaconescu, Senior Asset and Development Manager for Logicor Romania, said: “We’re pleased to support our customers with prime, modern warehouse space in the Bucharest area. To help customers expand and thrive, we aim to create ideal opportunities by offering flexible, sustainable, high-quality space. At Logicor, we strive to support our clients’ growth and enhance our long-term partnerships.