The land is located in Popești Leordeni, between the old Ring Road and the A0 (new Ring Road), and the company plans to develop a logistics park here with a gross leasable area (GLA) of 85,000 sq m. Construction could start in the first half of 2025.

 

“The development of sustainable logistics spaces in Romania presents remarkable potential, given the increased interest of companies in environmentally friendly, integrated and cost-effective solutions,” says Alina Necula, Country Manager Romania at 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.

Romania is the second market where the developer has plans to expand in the logistics sector, after Bulgaria. Necula already stated for Forbes Romania, at the end of 2024, that Lion’s Head has entered the logistics sector in the neighboring country, following a transaction of over 71 million euros. Poland would be the third market where Lion’s Head will develop logistics projects in the future.

 

In 2024, IFC (International Finance Corporation), part of the World Bank Group, invested 150 million euros to support Lion’s Head’s sustainable logistics development in Romania and Bulgaria. The investment aims to strengthen access to an environmentally friendly warehousing infrastructure in the region and contributes to Europe’s environmental objectives.

All pre-development activities are completed, with the next step being obtaining the building permit and starting construction works.

 

The land acquisition was assisted by real estate consultancy Cushman & Wakefield Echinox, while Romanian law firm Peli Partners provided the legal services necessary for the transaction.

Lion’s Head is a joint venture between AG Capital, a commercial and residential real estate investment group in the CEE region, and Old Mutual, a real estate investment platform in South Africa. The company's portfolio includes five class A office buildings in Sofia and Bucharest and three logistics parks in Bulgaria, with a total area of ​​445,000 sq m.