Antalis Romania has leased 10,000 sqm of warehouse and office space in Bucharest West Light Industrial Park, developed by Portland Trust on the A1 highway.
This is the first big lease deal of 2010 and comes after a flat year in terms of leasing contracts for the local real estate market. The new warehouse space consolidates logistics operations, previously run by Antalis from two different locations situated in the same industrial park.
“This move is an important one given the current economic circumstances and will be reflected in the quality of the services offered to our customers, as it will increase the efficiency of processing orders from receipt to delivery to the customer.
This year we also plan to develop the new packaging division and to extend the range of products for the advertising industry. The new location will provide the extra space needed,” said Lorett
Mincu, managing director at Antalis Romania.
Antalis, which distributes communication support materials, is owned by the French financial group Sequana. The lease was part of an integration strategy started one year ago, when Antalis Romania took over Map Merchant Romania, a player on the paper market. The two companies reported a combined turnover of EUR 35 million at the end of 2008. This is not Antalis Romania’s first leasing transaction. In 2009 the company relocated its offices to a building with a surface of over 1,100 sqm in the Unirii area of downtown Bucharest.