Lion’s Head enters the Romanian logistics market
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 mln. Euro, part of which is Oregon Park in Bucharest.
The land plot is strategically 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 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.
The logistic park to be developed by Lion’s Head on the land in the Popești Leordeni area benefits from modern road infrastructure, allowing easy access to key areas of the city and transport corridors. At the same time the project is strategically situated in a rapidly growing community and ensures access to a sufficient and skilled workforce for the future tenants.
All of the pre-development works are already done, and the next step is obtaining the building permit and initiating construction. The future Class A logistics park will be developed having flexible space concept in mind, using environmentally friendly materials and sustainable construction methods, ensuring versatility to accommodate a wide range of industries. Technology will play a crucial role in the project’s design, implementing modern trends, improving safety, energy consumption and overall cost of operations.
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.
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