VGP starts large scale industrial project near Bucharest

08
Sep
2025
News - VGP starts large scale industrial project near Bucharest #BREEAM Outstanding #Bucharest #industrial #leasing #Romania #VGP

by Property Forum | Industrial

Industrial developer VGP has started the construction on VGP Park Bucharest 2, a new industrial and logistics project with a leasable area of around 114,000 sqm.


The development is planned in three phases on a 227,000 sqm plot, with the first phase including three buildings totalling approximately 114,000 sqm of lettable space. 

The first building spanning 32,979 sqm is already under construction, with completion expected in Q1 2026.

The buildings are being developed to high technical standards, featuring air heat pumps for efficient heating, a smart building management system, a clear height of at least 12 metres, and flooring that supports up to 7 tonnes/sqm. 

Strategically situated at the intersection of the A2 motorway and the Bucharest Ring Road, the park will provide modern, sustainable, and flexible spaces for logistics, e-commerce, and urban distribution. All buildings will target BREEAM Outstanding certification.

With the new planned development, the company’s portfolio is set to exceed 1 million sqm of leasable industrial spaces in Romania.




Latest news


New leases

  • E-commerce player 4M Pro&Invest has leased nearly 4,100 sqm of warehouse space in Panattoni Park Poznań XIV. This agreement marks the completion of the leasing of the two completed phases of the development.
  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


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