Villar Group, a company listed on the Tel Aviv Stock Exchange, has under development 100,000 sqm of prime logistics space based on an investment budget of €50 million.
The group will deliver at the beginning of the next year the first 10,000 sqm logistics unit within the project located in Dragomirești-Vale, near Bucharest. The land can accommodate the development of around 80,000 sqm of industrial and logistics projects.
“In addition to Bucharest, we are also looking carefully into cities such as Ploiești and Satu Mare to accommodate our future logistic projects, considering that this real estate segment is constantly flourishing," says Matan Tisser, CEO of Villar Group.
The group has previously developed another logistics project near Bucharest, in Popești-Leordeni comprising 16,000 sqm, that will be extended starting next year with a new addition of 15,000 sqm.
“We continue to expand our activity in Romania, both through land acquisition, and residential & logistics developments," added the CEO.
The developer has been present in Romania since 2002 and has recently delivered a residential project in northern Bucharest.
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