P&P advises P3 on the lease and construction of a 80,000+ sqm logistics park to Carrefour

POP & PARTNERS advises the specialist pan-European logistics real estate owner, developer and manager P3 (former Point Park Properties) throughout the negotiation for the lease of an aggregate Carrefour warehouse facility including an existing warehouse and a 15,000 sqm and a Build-to-Suit (BTS) cold storage facility.

The new buildings will bring P3's total portfolio in Romania, which already includes eight warehouses, to circa 270,000 sqm. Commenting on the news, P3 CEO Ian Worboys, said: "This is set to be one of our largest logistics deals in the CEE this year. Securing an occupier of the quality of Carrefour for such a large and significant new project is a major achievement for P3. Romania is a rapidly growing market and we have big ambitions in the country. Having acquired P3 Bucharest, the largest logistics park in the country, earlier this year, it is exciting that we are now able to move ahead with our first Build-to-Suit project. This deal is a testament to the park's many strengths in terms of location and facilities as well as P3's ability to deliver the buildings designed around our customers needs, quickly and cost effectively. Carrefour is a client of ours in France and we are delighted to now be able work with them in Romania too."