Prologis has signed a leasing deal with Geodis for 90,000 square feet (8,400 m2) of newly developed space in Bucharest, Romania. Geodis is a third party logistics and international transport provider and subsidiary of SNCF (French Railways), and is known in Romania as Geodis Calberson.
Prologis has signed a leasing deal with Geodis for 90,000 square feet (8,400 m2) of newly developed space in Bucharest, Romania. Geodis is a third party logistics and international transport provider and subsidiary of SNCF (French Railways), and is known in Romania as Geodis Calberson.
The space is located at Prologis Park Bucharest A1, a modern logistics park situated located along the Bucharest-Pitesti highway, approximately 23 kilometers west of downtown Bucharest. Geodis, which currently leases warehouse space from Prologis in nine European countries, will operate the facility as a regional distribution center for customers with logistics requirements throughout Romania.
'It is not atypical to see a flight to quality as economic conditions soften, and this dynamic is increasing in Central and Eastern Europe,' said Ben Bannatyne, managing director for Prologis. 'We are pleased our high-quality facilities continue to attract leading companies such as Geodis, and to once again be working with them in one of our parks. Prologis Park Bucharest A1 is an excellent choice, not only for its strategic proximity to both Eastern and Western Europe, but for its sustainable design and construction.'
Prologis Bucharest A1 consists of four buildings totaling 1.16 million square feet (108,600 m2) of industrial space, of which 300,000 square feet (28,000 m2) is EPC (Energy Performance Certificate) A-rated. The award-winning park has been recognized for two years in a row as the 'Best Industrial Real Estate Project in South Eastern Europe' by Europaproperty.com as part of their 'Project of the Year' awards programme.
In addition to Geodis, other customers at the park include Augsburg International Impex, cargo-partner, Centrum Logistics, Flamingo Romania, Gefco, Geodis Calberson, Kuehne+Nagel and Omega Transport & Logistics.
Prologis is a leading global provider of distribution facilities, with more than 44 mln m2 of industrial space in markets across North America, Europe and Asia.
