Latest News  

P3 plans new 42,800 sqm warehouse in P3 Bucharest park

P3 will start construction of a third new warehouse at P3 Bucharest park.

2016-02-05 10:04:16 - by Bogdan Tudorache

The new 42,800 sqm building is to be developed to respond to the live requirements of current customers that are planning to expand their businesses in Bucharest. The remaining space will be available for lease to potential clients. Since its purchase of the park at the beginning of 2015, P3 has commenced construction of 47,100 sqm in two units as part of a deal to deliver a new logistics hub for Carrefour.

The new logistics facility, which will comprise 41,800 sqm of warehouse space and mezzanine offices of 1,000 sqm, is scheduled to be completed in summer 2016. It has been designed to meet P3's highest build and environmental standards. It features a height of 11.5 m, higher than the majority of industrial stock in Bucharest, which allows customers to benefit from extra storage space.

"There is strong demand for space from our current clients at P3 Bucharest who are planning to expand. P3 is ready to respond to their needs and we are happy that we can expand P3 Bucharest even further," Laurențiu Duică, P3's head of Leasing for Romania, said.

"The Bucharest market currently has very few large spaces available and there is even less availability in the city's prime logistics area surrounding P3 Bucharest. As such, we are looking forward to bringing our latest new building to the market in summer and working with both our existing and new customers to provide them with quality logistics space to help them grow their business," also said Blake Horsley, P3´s newly appointed Country Head for Romania.

Once the three new buildings are finished, P3's portfolio in Romania, which already includes eight warehouses at P3 Bucharest park, will increase to circa 305,000 sqm GLA. Strategically located 13 km west of Bucharest's city centre, P3 Bucharest has the potential to provide a further 51,980 sqm of new space, in units ranging from 4,000 sqm to 40,000 sqm, in addition to the current developments.

P3 currently has a total of 209,000 sqm under construction in logistics locations across Europe and many more are in the pipeline for development during 2016. In the last 12 months, P3 has experienced significant growth across Europe and created a portfolio of more than 3 million sqm of lettable space in 9 countries. During the year, the company almost tripled both its number of warehouse properties (from 59 in 2014 to 145) and the number of customers (up to 300). The company grew from 48 to over 110 employees over the same period.

0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
Your email address will not be published.
Validation Code
Cushman & Wakefield Echinox: StreamWIDE joins the new IT hub created in the Timpuri Noi Square project

StreamWIDE, a company specialized in the software and telecommunications industry, realocates its office in Bucharest in the Timpuri Noi Square project, joining the new IT hub created in the business park devel

 Read Full article »
CBRE: Office deliveries expected to bring new stock of 635.00 sqm, Bucharest to reach 3.9 mln sqm modern office spaces

During 2020–2021 to approx. 635,000 sqm of modern office space are expected to be delivered on market, increasing the Bucharest modern stock at approx. 3.9 million sq m, a step closer to a new a threshold and

 Read Full article »
Uber opens at Bucharest the largest support center to drivers and business partners in CEE

Uber company launched this week in Bucharest the largest center in Central and Eastern Europe that offers assistance to drivers and business partners in Romania, a center where they can contact directly Uber re

 Read Full article »
Samsung and Orange Romania activated the 5G VR Live streaming at Untold Music Festival in Romania

Samsung Electronics and Orange Romania have successfully deployed a 5G New Radio (NR) network to demonstrate a series of 5G use cases at Untold Festival 2019, the largest annual dance music festival in Romania,

 Read Full article »
MVP Lab in Sibiu named as one of Europe's best in the "Ones to Watch" list at European Business Awards

Ropardo MVP Lab has been named as ‘One to Watch' in Europe in a list of business excellence published by the European Business Awards, one of world's largest and longest running business competitions.

 Read Full article »
Endava marks one year since IPO

Endava, one of the most important software companies, present on the local market with 7 delivery centers, reaches an almost double capitalization, 2.07 billion USD, on July 26, 2019, one year after listing. Th

 Read Full article »
Infosys opens cyber defence centre in Bucharest

Infosys, a global leader in next-generation digital services and consulting, announced the launch of its Cyber Defence Centre in Bucharest, Romania. The Defence Centre is an expansion of services delivered thro

 Read Full article »
QuEST Global completes integration of IT Six Global Services

QuEST Global, a global product engineering and lifecycle services company, has successfully completed the integration of IT Six Global Services SRL. QuEST Global acquired IT Six, a software engineering services

 Read Full article »
RE MAX Romania opens three more offices

RE/MAX Romania has expanded its network, adding three new offices – RE/MAX Partners in Cluj, RE/MAX Quality in Sibiu and RE/MAX Prestige in Targu Mures.

 Read Full article »
Microsoft and OpenAI form exclusive computing partnership to build new Azure AI supercomputing technologies

Microsoft Corp. and OpenAI have partnered to further extend Microsoft Azure's capabilities in large-scale AI systems, according to a release of Microsoft.

 Read Full article »
» Deloitte: Four in ten Romanian millenn...
» Meet the winners of ROMANIAN BUSINESS ...
» The Outsourcing industry announces its...
» Bosch continues local service centres ...
» AFI net income up 8% at 9M, Romanian p...
» Oracle reaches 4,200 employees and pla...
» ABSL: Innovation and transformation in...
» George Didoiu, Colliers: The trend in ...
» From a Romanian business venture to a ...
» Co-working hubs get big on the office ...
Workplace of the Future conference to take place on November 20th at Bucharest

The Diplomat-Bucharest together with Outsourcing Today organize the 3rd Edition of WORKPLACE OF THE FUTURE, on 20th of November 2019, in Bucharest, at Capital Plaza Hotel.

 Read Full article »
Strategic Talent Acquisition at People Empowering Business Forum on October 30 in Bucharest

Latest trends like demographic upheaval, globalization, digital technology, and changing social values and worker expectations, are disrupting business models and radically changing the workplace. These are req

 Read Full article »
Informal IT School and UiPath launch an educational program for RPA development to start in October

Informal IT School announced a partnership with UiPath to launch an RPA development educational program of five months, 100 hours of courses, five days a week. The program will run in Cluj-Napoca.

 Read Full article »
Impact Hub Bucharest joins 3house to manage three coworking spaces in the city

Impact Hub Bucharest, a coworking spaces manager and developer of accelerator programs and events merged with 3house, a new concept of workplace launched in 2018. By this, Impact Hub reaches 3 locations and 6.7

 Read Full article »
JLL: Total office space in Bucharest to reach 3 million sqm

The second quarter of 2019 reconfirmed the increased interest for the office market in Romania. Over 115,000 square meters of office space were leased over this period at the national level, a value similar wit

 Read Full article »
Latest News  
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events