Metro leases 58,000 sqm industrial facility in Bucharest

05
Nov
2018
News - Metro leases 58,000 sqm industrial facility in Bucharest #Bucharest #industrial #JLL #lease #logistics #Metro #Romania #WDP

by Property Forum | Industrial

JLL advised Metro in the process of consolidating its distribution centres into a one roof concept in the new project developed by WDP in the North area of Bucharest, Stefanesti. This is the largest transaction on the Romanian industrial market in this year.


”Together with Metro we have designed a very structured tender process with a strict timeline that allowed to conclude the contract in only six months from the start. It was a complex project involving both ambient and temperature control areas, the biggest challenge being to set up all the details for a record transaction of more than 58,000 sqm”, said Costin Bănică, Head of Industrial Department JLL Romania.
 
The aim of the process was to create synergies within the organisation and the suppliers' network. Moreover, through the result of this process Metro addressed the workforce issue, one of the most difficult aspects of the logistics business.
 
West of Bucharest, the prime industrial area, is facing a shortage of logistics workers, the companies operating there being in the situation to attract people from 50-60 km away.
 
„Stefanesti offers all the advantages of an emerging area including a higher availability of workforce. Metro has appreciated the operational advantage of being in an area where the Ring Road is developed as an express road together with very good connections with A1 highway to Pitesti and Inner Bucharest”, comments Viorel Opaiț, Business Developer Director at JLL Romania.
 
The trend of consolidating the logistic operations in order to optimise the supply chain with the retail networks is present more and more in the most dynamic period of the industrial market.



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  • Echo Investment has signed a lease agreement with Auchan Polska for 1,200 sqm of retail space within Fuzja, a flagship multifunctional complex in Łódź. The retailer is scheduled to open the outlet during the summer of 2026.
  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.

New appointments

  • iO Partners has appointed Constantin Banu as Business Development Director for its Industrial and Land segments. With over 25 years of experience in the Romanian real estate sector, Banu is widely credited with helping shape the local logistics market. In his new role, he will oversee expansion strategies for the two segments.
  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.


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