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IMMOFINANZ’s Logistic Project LOG.IQ Bucharest Awarded “Industrial Development of the Year”

Date: 12/11/2015

IMMOFINANZ, one of the major real estate investors in Romania, received the “Industrial Development of the Year” award at the 2015 CIJ Awards Gala, which took place on December 3rd in Bucharest. The winning project was LOG.IQ Bucharest, the company’s newest logistic project in Mogosoaia, with a total rentable surface of 140,000 square meters.

“We are delighted and honoured to receive this award, an achievement that illustrates our dedication in providing quality properties to our tenants in all real estate sectors – particularly as this was a very strict competition, looking at everything from operational efficiency to environmental standards,” said Sorin Visoianu, Country Manager Office & Logistics for Romania and Bulgaria at IMMOFINANZ. “This award comes at the end of a very dynamic 2015 for our company and makes us even more determined to pursue international standards in everything we do in the coming year.”

Construction works on LOG.IQ Bucharest started in July 2015 and the project offers a total rentable surface of 140,000 square meters. The site provides a wide range of benefits, given its location and infrastructure. LOG.IQ Bucharest is strategically located just outside the Capital city, in Mogosoaia, with 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 industrial railway.

CIJ, New Europe’s leading Real Estate news provider digitally and in print, hosted this year the 8th Romanian CIJ Awards evening in downtown Bucharest, making it the longest running commercial property awards event in Romania. A total of 24 prizes were given out to honor the best projects, transactions, companies and leaders of 2015.

The CIJ Awards has evolved over its 8 years to further expand its formula of judging in its coopperation with Romania’s top real estate CEO’s and Directors, association judging pannels from Romania’s top organzations, mix judges panels from the leading companies dedicated to each awards sector, as well as the CIJ readers vote, all amounting to 100% of the equation.

On IMMOFINANZ
IMMOFINANZ is a commercial real estate company whose activities are currently focused on the retail and office 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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