Property developer Speedwell has purchased a new land plot of 15,000 sqm in Popești-Leordeni, near Bucharest, for its second light industrial project under the SpacePlus brand.
In this location, the company will invest in a new industrial building that will have a total leasable area of around 8,000 sqm.
”The need for logistics spaces continues to be of high interest on the Romanian market, and this acquisition is a new step in the realization of our expansion strategy in the industrial-logistics segment. The demand dynamics from our tenants, the technological evolution and the replacement of a significant stock of warehouses which, unfortunately, no longer meet the technical requirements, have led us to put a new pin on the map of Bucharest, this time in the eastern area,” said Didier Balcaen, CEO and Co-Founder of Speedwell.
Due to high demand, the company will expand its warehousing capacities in the existing logistics hub. The company plans on adding another 8,000 sqm on top of the second phase of 7,000 sqm that will be developed this year in SpacePlus West.
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