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P3 to start speculative development in Romania

Pan-European logistics real estate owner, developer and asset manager P3 is to build a new logistics facility at its P3 Bucharest park in Romania on a speculative basis.

The 28,000 sqm warehouse is the first building to be developed by P3 in Romania following its purchase of the P3 Bucharest logistics park – the largest in the country - earlier this year (2015). Construction started at the end of last month (September).

Strategically located approximately 13 kilometres west of Bucharest city centre, the park currently comprises 215,000 sqm and is fully occupied.  In addition, there is 40 hectares of land that can be developed to provide around 160,000 sqm of additional space in units ranging from 5,000 sqm to 50,000 sqm.  The new building, which is scheduled for completion in April 2016, is to be built on a 6 hectare plot.

Średnia ocena

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