Logicor, one of the most important owners and operators of logistics properties, announces the completion of the development of a new logistic warehouse of 40,000 sqm in Bucharest.
According to a press release, the newly built warehouse, Building C, is part of Logicor Bucharest I distribution park, located in Mogosoaia.
The distribution park, consisting of 3 buildings with a total storage space of 82,900 sqm, is located 10 km from the center of Bucharest. From the transportation point of view, the distribution park is located only 3 kilometers away from National Road 2 (DN2) and 8 kilometers away from Otopeni and Baneasa international airports.
Building C is 85 percent pre-leased on a long-term basis to international clients, including IKEA, Heineken, pharmaceutical companies and FMCG.
In addition to the three existing buildings, Logicor Bucharest I still has development potential for an almost 64,000 sqm. Besides Bucharest I, Logicor owns land for further development in Brasov, Sibiu, Glina and Timisoara.
Logicor is one of Europe’s largest logistics real estate specialists with a 13.6 million sqm portfolio spanning 17 countries. The pan-European strategy is underpinned by offices in 12 of the continent’s core markets, including the UK, France and Germany.