In 2017, the developer delivered three new warehouses with a total of 65,000 m2 in P3 Park Bucharest. In the course of the year, P3 signed lease agreements of over 115,000 m2, consisting of both new contracts and renewals and extensions for existing customers such as eMag, Tibbet / Yusen Logistics, Macromex and Interbrands, thus demonstrating a commitment and strategy in the long run to its customers.
Also last year, the company completed the purchase of over 17 hectares of additional land near P3 Bucharest Park, with the intention of developing the park at 500,000 m2 over the next two years.
"In 2017 we continued to develop our park at km 13, both by constructing new warehouses and by land acquisitions. We are ready for a very dynamic 2018, where we intend to inaugurate new locations in both Bucharest and the West, meeting the requirements of the market. Of course, P3 Bucharest Park will remain the center 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 the strong support we have from the group", says Sînziana Pardhan, CEO of P3 Romania.
P3 currently has a total of 370,000 m² in 14 warehouses in P3 Bucharest Park and another 100,000 m² to develop new units. Situated just 13 km from the city center, P3 Bucharest Park is on the city's ring road, offering easy access to all 6 sectors of Bucharest, Henri Coanda International Airport (22 km) and the A2 motorway. P3 also plans to expand in both Bucharest and the central and western parts of the country. (source: P3)
