Industrial developer Logicor has completed the first two buildings in Logicor Bucharest III Pallady Logistics Park, located near Bucharest.
The buildings have a leasable area of 41,500 sqm, including 37,000 sqm of warehouse space and 2,800 sqm of office and social spaces and 1,700 sqm of mezzanine space.
The newly delivered development that is almost fully leased is strategically located at the exit to the Sun Highway A2.
Mihai Diaconescu, Director Asset Management & Development at Logicor Romania, said the projects is a last mile hub offering more efficient, shorter, faster and less polluting distribution in Bucharest.
The new project targets companies providing everyday life services, such as e-commerce, distribution, courier services or retail.
With the new deliveries, Logicor Romania's portfolio comprises more than 320,000 sqm of warehouse space.
