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IMMOFINANZ to Let a Third of the First Phase of LOG.IQ Bucharest

Date: 10/27/2015

IMMOFINANZ, one of the major real estate investors in Romania, announces pre-lease contracts in LOG.IQ Bucharest, the company’s newest logistic project in Mogosoaia. As such, Dynamic Parcel Distribution has rented approximately 4,800 sqm, while ALKA Group signed a contract for almost 3,200 sqm of the logistic project and Mediapost Hit Mail leased approx. 3,500 sqm. The first phase of LOG.IQ Bucharest, currently under construction will provide about 40,000 sqm modern logistics space, and phases 2 and 3 will deliver an additional 100,000 sqm.

“We inaugurated the construction works for LOG.IQ Bucharest very recently, in July, and I am delighted to see that this project is already confirming our high expectations,” said Sorin Visoianu, Country Manager Office & Logistics for Romania and Bulgaria at IMMOFINANZ. “We are pleased to welcome our first tenants, who will occupy nearly a third of the first phase within this premium, flexible logistic property,” he added.

Dynamic Parcel Distribution (DPD) is one of the leading courier companies and operators of private postal services in Romania. Starting with May 2016, DPD will become a tenant in approximately 4,800 sqm of modern logistic space for a period of at least ten years.

ALKA Group, one of the leading Romanian producers in the FMCG industry has also signed for a space in IMMOFINANZ’s Mogosoaia project. The company will expand its logistics activities in LOG.IQ Bucharest starting with March 2016, on a surface of almost 3,200 sqm in Hall A, for a period of at least five years. This logistic expansion serves ALKA’s plans of growth, according to its strategy for domestic and export markets.

Mediapost Hit Mail is a relationship marketing company, part of the French Post group, which provides its clients with integrated multichannel marketing solutions that combine marketing, logistics and IT. To support a growing business, the company leases approx. 3,500 sqm for a five year term, to coordinate logistics activities from LOG.IQ Bucharest, as of March 2016.

Construction works on the LOG.IQ Bucharest logistic project started in July 2015 and the project is planned to include a total rentable surface of 140,000 square meters. The site will provide a wide range of benefits, given its location and infrastructure: airport and motorways proximity, railway access etc. LOG.IQ Bucharest is strategically located just outside the capital, in Mogosoaia. It has direct access to the city and the A1, A2 and A3 motorways, through the ring road. The project also lies close to Henri Coanda International Airport, and a mere 15 km north of Bucharest city centre. The site has its full infrastructure in place, including interior roads and utilities (water, sewage, gas, electricity, phone lines), as well as railway access. 

On IMMOFINANZ

IMMOFINANZ is a commercial real estate company whose activities are currently focused on the retail, office and logistics segments of eight core markets in Europe: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The core business includes the management and development of properties. The company has a real estate portfolio of approx. EUR 6.6 billion that covers more than 440 properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under: http://www.immofinanz.com

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