Orbit signs lease on 6,600 sqm in Bucharest West logistics park

Newsroom 09/02/2009 | 16:18

“Our partner understood that in order to find the best available solution on the market, we have to prepare it months before the relocation. This is becoming extremely important in 2009, when most projects will no longer develop speculative buildings, while others will stop due to financing problems,” said Opait.
Bucharest West, developed by Portland Trust, covers 70 hectares on the A1 highway, 14 km west of the city center.
According to studies by Colliers, the vacancy rates remained close to zero during the second half of 2008, as few spaces were delivered in this period. However, this is
unlikely to have a big impact on rents.
Magda Purice

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