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In 2017, the companies were facing a more competitive labour market»

P3 Romania ready for a very dynamic 2018, to open new locations in Bucharest and the country

In 2017, P3 Romania continued to develop its park near Bucharest, both by constructing new warehouses and by land acquisition, according to company representatives.

2018-02-07 16:09:08

"We are ready for a very dynamic 2018, where we intend to open new locations in both Bucharest and the West," said Sinziana Pardhan, Managing Director P3 Romania. "Of course, P3 Bucharest Park will remain the centre of gravity of our business, focusing on maintaining its position as the largest logistics park in Romania and strengthening long-term relationships with our tenants. Romania continues to be seen inside P3 as a market with a strong and sustainable development potential in the logistics and industrial segment, a potential that we are ready to make through our highly dedicated local team and through our strong support from the group."

In Romania in 2017, P3 delivered 65,000 sqm in three new warehouses in P3 Park Bucharest, reaching a total area of 370,000 sqm, according to Emilia Bocan, Senior Leasing & Development Manager. "These state-of-the-art A-class warehouses with high-quality specifications include various energy-efficient solutions that meet our customer′s requirements. Also, in 2017, we completed the acquisition of over 17 ha of land near P3 Bucharest, with the intention of expanding the park to 500,000 sqm in the next two years. We remain the largest industrial park in Romania and the only park in Bucharest with a railway terminal, which is an advantage for our tenants."

In 2017, P3 Romania renewed and expanded existing tenant contracts for more than 70,000 sqm, said Cristina Pop, Head of Asset Management.

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