Warehouse investor-developer P3 Logistic Parks has acquired a 16-hectare site in Dragomiresti Vale, Bucharest which is to be developed into an 80,000 sq m logistics park known as P3 Bucharest NW Ring Road.
“This is the fifth new park that we have added to our pan-European portfolio this year,” said P3 chief executive Ian Worboys.
“Romania is a key strategic market for P3. We believe that the country has strong growth potential. Our portfolio in the country has performed really well over the last three years,” and the company aims “to continue the growth of our business in the country in a sustainable manner.”