by Property Forum | Industrial

The Tei Group, which includes the Farmacia Tei network of pharmacies and Bebe Tei stores, leased approximately 10,000 sqm in the Metav industrial park in northern Bucharest, to build a semi-automatic warehouse, a transaction intermediated by Cushman & Wakefield Echinox.

Metav will build a new built-to-suit building, customized according to the client’s requirements, whose delivery is scheduled for the first quarter of 2021. Positioned inside the city, Metav industrial park responds to retailers’ growing need to shorten the supply chain to stores and to make the delivery process to online customers more efficient.

 “I am glad that we were able to help the Tei Group to identify the right location for their first consolidated warehouse in Bucharest. The warehouse will be a semi-automatic, multifunctional one, meant to serve both the online business and the traditional one of the Tei Group. I would like to thank the Tei and Metav Group representatives for their efforts in making this project possible,” Andrei Brînzea, Partner, Head of Land, Industrial & Logistics at Cushman & Wakefield Echinox said.

The Tei Group is one of the largest Romanian entrepreneurial businesses in the retail industry. The two companies that operate the Farmacia Tei and Bebe Tei store chains achieved a total turnover of approximately €200 million in 2019, with 850 employees as the workforce.