London-listed developer Secure Property has bought the 17,000 m2 Innovations logistics park in Bucharest, Romania, from Myrian Nes and Theandrion Estates for an undisclosed sum.
London-listed developer Secure Property has bought the 17,000 m2 Innovations logistics park in Bucharest, Romania, from Myrian Nes and Theandrion Estates for an undisclosed sum.
The purchase is Secure’s first investment outside Ukraine, as it looks to diversify across South Eastern Europe.
Innovations is fully let, with anchor tenant Nestle filling 60% of the leasable area and Romanian businesses taking the rest. The park generates €1.3 mln of income per year.
