News Article Bucharest industrial logistics P3 railway Romania train transport
by Property Forum | Industrial

P3 Logistic Parks signed a collaboration protocol with the Regional Branch of Railway Transport for Passengers Bucharest (CFR Călători). The agreement grants train stops next to P3 Bucharest A1 park for the Regio and InterRegio trains circulating the route Bucharest - Videle and back. This new transport facility will allow P3 Bucharest A1’s tenants to recruit labour force from adjacent locations, on the route Roșiori - Videle - P3 Bucharest A1 - Basarab - Gara de Nord and back. Starting 21 September, P3’s park in Bucharest can be accessed also by train, from Gara de Nord or Basarab, in a 17-25 minutes trip.

P3 is the only developer of logistics spaces offering rail transport solution for passengers in Romania, thus completing the rail freight services active since 2011 within the intermodal terminal at P3 Bucharest A1.

“We are happy to be able to offer our clients this facility and to meet the problems they face when looking to recruit workforce. Compared to the minibuses currently used by our tenants, rail transport is intended to be a more cost-effective and faster alternative to bringing labour force to P3 Bucharest A1. Along these lines, we are also putting our efforts into aligning to the European trend of using less polluting public transport. Our consideration and appreciation go to CFR Călători, whom we thank for their openness and professionalism. This new transport configuration will bring positive results to both our business partners and to the people living in neighbouring localities interested in a job within the P3 Bucharest A1 community,” Sînziana Pardhan, Managing Director of P3 Romania said.

CFR Călători, says: “We welcome P3’s initiative to implement this new business project. We are pleased to actively contribute to the development of new logistics solutions in the western part of Bucharest, solutions that take into account the latest European concepts regarding labour force mobility. CFR Călători's mission is to ensure the passengers’ mobility, contributing, at the same time, to societal development. In this context, we aim to build for our organization a sustainable position in all segments and geographical areas of the country, so that Romanians can travel to any destination in the country, whether for business or recreational purposes. We are working hard to meet the challenge of keeping up with the needs of the modern world in terms of mobility and the speed with which new technologies evolve, and we will continue to put travel at the centre of our business.”

P3 Bucharest A1 has a total surface of 380,000 square meters, 14 warehouses and a plot of land that allows the development of some additional 100,000 square meters of logistics space. In addition to the railway terminal serving the freight segment, to which the passenger transport facility has been recently added, the park also displays a 400 square metres canteen offering 200 seats that will be open starting November. Moreover, the developer is close to completing the construction works for its accommodations project, thus preparing to add a new feature to the park. The hostel will have the capacity to accommodate 212 people and will be available for employees working within the park.

In the timeframe between the summer of 2019 and the summer of 2020, P3 leased, in Romania, more than 173,000 square meters, of which 77,881 sqm are represented by prolongations and short-term contracts, 95,374 sqm are long-term contracts and over 29,000 sqm are contracts with new customers.