P&P advises P3 to double Altex presence within P3 Bucharest Park

POP & PARTNERS assisted P3 over the negotiation and signing of a new lease on 15,000 sqm of warehouse space at P3 Bucharest Park with Altex, one of the largest electronics, home appliance and multimedia retail chains in Romania.

The deal will double the size of its logistics hub, accommodating the needs of its growing business. Altex previously occupied 15,500 sqm in an existing warehouse. Now it is taking a further 15,000 sqm in the newest building at the P3 park to occupy a total of more than 30,000 sqm on the park. The Romanian retailer is now one of the 40% of P3's global customers that occupies more than one building with P3. "Altex has been a part of P3 Bucharest Park for 12 years. Its business is thriving and I am pleased that P3 has been able to support its continued growth. In choosing to expand at P3 Bucharest Park, Altex will benefit from our commitment to building high quality warehouse space, reducing operational costs and providing outstanding customer service", said Blake Horsley, Country Head of P3 Romania.