AIC Industrial&Logistic Development is a real estate company resulted after the liquidation of Cefin Real Estate. Moreover, Vabeld bought plots from the Italian shareholders of Cefin.
Fashion Days has its headquarters and three warehouses in the area, from where it delivers products to Romania, Hungary and Bulgaria, as well as to other countries. Răzvan Predica, CEO of Fashion Days, has recently declared for Profit.ro that the retailer was working to increase the warehouses capacity with at least 20-30 pct., but that after the improving of other warehouses zones, this would double.
This decision comes in the context where Fashion Days will manage the entire fashion business of eMAG, the owner of the retailer. Apart the products from the fashion companies in the market, eMAG has also developed its own fashion brand.
Moreover, Fashion Days switched from a flash sales campaigns website to a classic online store, with a larger available stock and fast delivery. The Fashion Days platform includes more than 500,000 n 4 million clients, over 500 employees and annual turnover of EUR 20 million in Romania.
Following more than two years of prospecting the local market, Vabeld has completed this year its first acquisition in Bucharest. Despite its focus on retail market, Vabeld is persuaded by the logistics and semi-industrial market potential in Bucharest and around the capital city and it purchased 15 ha of land for logistics facilities near A1. On the land the company could develop logistics facilities of 90,000 sq. m, and AIC industrial & Logistic was appointed to take care of the project development.
The land is free except for two unfinished buildings totalizing 11,000 sq. m, which Varoed, the Romanian subsidiary of Vabeld, will complete this year. Varoed’s intention is to develop projects on tenants’ request for the rest of the land.
As other acquisitions on the industrial market are considered, Varoed’s purpose is to build a projects portfolio in Romania, focusing on Bucharest. Romania is the fifth country where Vabeld has direct real estate investments.
Following the acquisition of several lands and unfinished buildings few months ago, Vabeld also took over two properties near A1 Industrial Park.
The largest property is rented until 2024 by Augsburg, auto parts distributor. The smallest has nearly 3,000 sq. m and is almost completed, the delivery being scheduled for the following months.
Moreover, Vabeld signed the option for buying 5ha of land and 8,000 sq. m building generating revenues in the same area.
Vabeld is a Belgian real estate company with more than 30 years experience in acquisition, renting and (re)developing retail projects in Belgium, Great Britain, France and Brazil. (source: profit.ro)
