Pan-European logistics property investor-developer P3 acquired over 17 ha of additional land next to P3 Bucharest Park with the intention to grow the park to 500,000 sqm over the next two years. The new land, being part of the biggest logistic park in Bucharest, also allows P3 to build a up to 100,000 sqm large warehouse.
As part of its development strategy, P3 bought this additional land near P3 Bucharest Park, to be able to accommodate growing demand from existing and new clients and satisfy their logistic needs.
“P3 is committed to growing its business in Romania and this acquisition is yet another step towards realizing our strategy and consolidating our position in the market. P3 Bucharest Park is the largest logistic park in Romania with over 2500 people working in our 370,000 sqm of warehouse and office space. We plan to continue the park’s development in a sustainable manner and maintain its leadership position through our focus on both growth and quality”, says Sinziana Pardhan, Country Head P3 Romania.
P3 currently has a total of 370,000 sqm in 14 warehouses at P3 Bucharest Park and 100,000 sqm for further development.