News Article Bucharest expansion industrial lease logistics P3 Romania
by Property Forum | Industrial

P3 Logistic Parks has signed a lease agreement with Interbrands Marketing & Distribution for 24,830 square meters of logistics and office space within P3 Bucharest A1 park. Interbrands has been a client of the park since 2006 and decided now to relocate to a larger warehouse that can accommodate Orbico Group's expansion operations in Romania. On this occasion, Interbrands also begins the implementation of an extensive logistics automation project in the new warehouse.

P3 Bucharest A1 park is the largest multifunctional park in Bucharest, having 380,000 sq, developed in 14 warehouses and a land bank with the potential of delivery 100,000 sqm within 8-12 months, direct access to A1, ring road and direct rail connection to the 4th pan European corridor. P3 Logistic Parks has acquired a 16-hectare site in Dragomiresti Vale, a prime logistic location on the North-West outskirts of Bucharest. A new 80,000 sqm logistics park – to be known as P3 Bucharest NW Ring Road – will be developed on this land. P3 Bucharest NW Ring Road has direct access to the newly extended Bucharest Ring Road and provides easy access to all parts of the Romanian capital, as well as the A1 and A3 highways.