MLP Group has expanded its cooperation with one of the largest FMCG distribution networks on the Romanian market. The tenant has increased the space used in the MLP Bucharest West logistics center to nearly 16,000 sqm. The Colliers agency advised on the transaction.
One of the largest FMCG distribution networks operating on the Romanian market has leased an additional 5,350 sqm of modern space in the MLP Bucharest West logistics park. The new space, located in the under-construction building C1, consists of 5,250 sqm of warehouse space and 100 sqm of modern office space. Handover is planned for the second quarter of this year. Following the expansion of the agreement, the total area occupied by the tenant in the complex has increased to approximately 16,000 sqm.
Expanding our cooperation with an existing tenant is the best confirmation of the high quality of the space we offer and MLP Group’s flexible approach to the evolving needs of our business partners. The Romanian market remains one of our strategic development directions, and MLP Bucharest West, thanks to its location and modern infrastructure, provides excellent conditions for conducting logistics and distribution operations.
– emphasized Olga Melihov, Country Head Romania at MLP Group S.A.
The growing scale of the tenant’s operations and the decision to increase warehouse space confirm the attractiveness of MLP Bucharest West as a key logistics location on the Romanian market. We are pleased that we could support the parties in completing this transaction and in the further development of the client’s operational activities.
– added Dan Dragomirescu, Senior Associate Industrial Agency, Colliers Romania.
MLP Bucharest West is located in the most popular warehouse region of Romania. Its location by the ring road, in the north-western part of Bucharest, in the Chitila district, ensures optimal conditions for conducting distribution and logistics operations.
MLP Bucharest West is a modern Class A industrial and logistics project being developed on an 18.3-hectare plot. Ultimately, the complex will provide approximately 99,000 sqm of warehouse space. The park offers numerous amenities for tenants and access to a well-developed road infrastructure. The facilities built as part of the investment meet the highest environmental standards and are subject to BREEAM certification.
In accordance with its “build & hold” strategy, MLP Group retains its logistics parks in its portfolio after construction is completed and manages them independently. All projects implemented by the Group are distinguished by attractive locations, the possibility of executing built-to-suit investments, and comprehensive support for tenants at every stage of cooperation.
Source: MLP GROUP S.A.