King Sturge leases another 10,000 m² at Bucharest's Mercury Logistics Park (RO)
Friday 13 June 2008
King Sturge has leased a 10,240-m˛ unit at the Romanian capital’s Mercury Logistics Park to Dumagas Transport. This is the largest space leased this year on the Romanian logistics property market and the third major transaction for the park.
Irina Iliescu, Agency Consultant for exclusive leasing agent King Sturge, commented that: “Mercury Logistics Park is ideally located, 23 km west of Bucharest, on the A1 Bucharest-Pitesti Highway, the main corridor connecting Romania to Western Europe. Once complete the park’s 90,000 m˛ will include halls, warehouses and distribution units as well as modern office space.”
Mark Mannering, Joint Managing Director of King Sturge in Bucharest, commented: ”This transaction demonstrates that the growth seen in the retail market is driving strong demand in the logistics sector.”
Leslie Warren, European Development Manager for Helios Phoenix - the developer of Mercury Logistics Park adds: “The build quality of the warehouse will ensure fast operational effectiveness for Dumagas. We are planning to start on a fourth unit of 10,000 m˛ and it will be available later in 2008. Helios is now looking for tenants for the rest of the scheme consisting of four phases totaling 55,800 m˛ scheduled to be delivered in the next two years. Unit 1 and Unit 2 have been leased to Minimax (14,000 m˛) and Delamode (10,000 m˛); both tenants have signed 10 year leases”.
