Logicor, the owner and manager of logistics real estate in Europe, has completed the development of around 21,200 sqm of prime warehouse space in Logicor Bucharest II, in the northeast region outside Bucharest.
The space has already reached an 85% occupancy rate and has attracted a mix of tenants from the retail, logistics, medical and agribusiness sectors.
“With the current demand of quality logistics property continuing to outpace supply, we are looking forward to delivering the additional 25,000 sqm of space in 2023,” said Mihai Diaconescu, Asset Management Director for Logicor Romania.
Currently, Logicor Romania’s portfolio exceeds 260,000 sqm of A-class warehouse space of which 82,225 sqm were developed and delivered over the past 18 months. Logicor’s owned land zoned for logistics allows for the incremental development of more than 400,000 sqm in key economic hubs around the country.
