P&P advises UBM throughout the buyout of its local partner in a 45,000 sqm logistic park on Bucharest Ring Road

POP & PARTNERS advises the regional Vienna-based developer UBM AG in connection with the acquisition of the share stake held by UBM's 50/50 local partner in the project company owning Chitila Logistic Park.

Chitila Logistic Park is one of the most attractive warehouse facilities located directly on the Bucharest ring road in the north-west of Bucharest and its close proximity to the A1 (the motorway in the direction of Pitesti) and to Otopeni Airport. Construction of the logistics park was carried out in two phases.