Terwa Romania has leased a 4,500 sqm warehouse in the Olympian Park in Brasov. Terwa will move in starting January 2011 on a ten year lease.
Terwa produces metallic components for the automotive and construction sectors and has been operational in Brasov for more than ten years. The company is a tier-two supplier to brands such as Dacia, BMW, Mercedes-Benz, VAG and Strabag, with products being shipped throughout Europe from their base in Brasov.
Helios Phoenix is also developing together with GE Real Estate the series of Olympian Parks in Timisoara, Cluj, Constanta and Bucharest. The developers will have around 27,000 sqm finished on the Olympian Park Timisoara by November and immediately afterwards start on the site in Cluj, where 10,000 sqm will be available at this location by May 2011.
GE Real Estate currently has over EUR 2 billion invested in Central and Eastern Europe. The Company has invested or developed in the retail, office, residential and logistics sectors in the Czech Republic, Poland, Slovakia, Bulgaria, Romania, Russia and Hungary.
Phoenix Real Estate has been active in Romania since 2001. The Company has already developed over 60,000 sq m of warehouse and logistic facilities in Romania.
Helios Properties, who have been trading for 11 years, are a major UK Industrial warehouse developer, procuring over 2 million square meters of space.
Helios Properties and Phoenix Real Estate formed a joint venture in 2006 to develop and manage industrial warehouse and logistic properties in Romania.