MLP Bucharest West SRL, an MLP Group S.A. subsidiary registered in Romania, has signed a contract for the purchase of land on the Romanian market near Bucharest. The company intends to build a logistics park by the name of MLP Bucharest on the acquired 18.8-hectare plot of land. The target total area of leasable warehousing space is approx. 80,000 square meters. A detailed land development plan is currently being prepared. According to projections presented by the MLP Group Management Board, the first tenants will move in to the brand new logistics park in 2018.
“The warehousing business in Romania is clustered predominantly around Bucharest and that is why we have decided to purchase land in this particular area. We find demand for modern warehousing space on this market to be at a satisfactory level. For this reason, we are confident that our offering of warehousing facilities will generate great interest among potential tenants. Meanwhile, we continue to perceive Poland and Germany as the strategic directions of our development,” said Radosław T. Krochta, President of MLP Group S.A.
The development project is scheduled to be executed in Bucharest’s western outskirts near Chitila (Ilfov county). The MLP Bucharest logistics park will be directly accessible from the Bucharest bypass
and will be located between the following two European routes: E70 (national road no. 6 from Lugoj to Bucharest) and E60 (national road no. 1 from Brasov to Bucharest). A trip by car to the logistics park from the Bucharest Otopeni International Airport will take approx. 15 minutes and a trip from downtown Bucharest will take approx. 25 minutes.
