Lion’s Head Investments announces its entry into the Romanian logistics market with the acquisition of a 155 000 sqm land plot. The company is a joint venture by AG Capital and Old Mutual Property with a real estate investment portfolio of 440 million Euro, part of which is Oregon Park in Bucharest.
The land plot is located in Popești Leordeni, between DNCB (old Ring Road) and the A0 (new Ring Road) and close to A2 (Autostrada Soarelui) highway. The company plans to develop a logistic park with GLA of 85,000 sqm. Construction should start in the first half of 2025.
In 2024, IFC (International Finance Corporation), part of World Bank Group, has invested 150 million euro into Lion’s Head’s sustainable logistics development projects in Romania and Bulgaria. This strategic investment aims to strengthen access to green warehousing infrastructure in the region and contribute to Europe’s environmental objectives.
“The development of sustainable logistics facilities in Romania has remarkable potential as more and more companies are seeking environmentally friendly, self-sufficient and cost-efficient solutions. At Lion’s Head, we recognize the opportunity the market offers and with this acquisition we begin the diversification of our portfolio in Romania.”, says Alina Necula, Country Manager Romania Lion’s Head Investments.
“Last year, we took a significant step by entering the Bulgarian logistics market, by acquiring a logistics platform operated by a high-performance team, which placed Lion’s Head as the second biggest owner of logistics properties in the country. We are excited to expand our logistics portfolio in Romania by developing projects that meet the highest standards and requirements of international tenants “, says Vladimir Gurdjieff, Director Logistics & Industrial properties Lion’s Head Investment.
All of the pre-development works are already done, and the next step is obtaining the building permit and initiating construction.
The land acquisition process was assisted by the real estate consulting company Cushman & Wakefield Echinox. The Romanian Peli Partners law firm provided the legal services to close the deal.