P3 Logistic Parks ("P3") announces the extension of the lease agreement with the transport and logistics operator SLS Cargo, which adds another 11,412 square meters to the area already leased, in a transaction brokered by JLL Romania.
The DPD courier company continues its expansion in Romania by leasing 3,500 sqm of warehouse spaces in the VGP Park Arad project, located near the A1 highway, a transaction brokered by the industrial department of the Cushman & Wakefield Echinox real estate consultancy company.
The group of companies which owns Cupio, a Romanian brand of professional cosmetics, leased 3,200 sq. m of warehouse spaces in the CTPark Timișoara Ghiroda project, located near the Timișoara International Airport. The transaction was brokered by the Cushman & Wakefield Echinox real estate consultancy company.
P3 Logistic Parks receives a new tenant in the business community existing at the 13km of A1 Highway. ELBI, the leader in the Romanian low voltage electrical equipment market, will occupy over 15,000 square meters of storage and office space in P3 Bucharest A1.
The leasing of industrial and logistics spaces increased by 50% in the first quarter of 2022 compared with the same period of last year, exceeding the 300,000 square meter threshold, thus creating the premises for a new record year in terms of demand for this type of spaces, according to the Cushman & Wakefield Echinox real estate consultancy company.
Knauf Insulation, one of the largest manufacturers of insulation solutions in the world and part of the German Knauf group, acquired the Gecsat SA glass mineral wool factory, from Târnăveni, Mureș County.
VGP and Allianz Real Estate, acting on behalf of several Allianz Group companies, recently announced a successful third closing with its 50:50 joint venture, VGP European Logistics II. The transaction comprised of 13 logistic buildings, including 9 buildings in 5 new VGP parks and another 4 newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture.
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