P3 Logistic Parks, the specialist owner, developer and manager of European logistics properties, has appointed Cora Stolz as country head of Romania, a new role created to direct the company’s expansion in the market following the agreed acquisition of one of the country’s most up-to-date parks from CA Immobilien.
Peter Bečár, P3’s Managing Director for Central & Eastern Europe, said: “Cora brings a wealth of experience in managing and developing businesses in her native Romania , where P3 established a presence four years ago. Cora will lead integration of new acquisition into P3 portfolio, expand our activities in Romania through developments, asset acquisition and growing P3 team in a market with tremendous potential because of its growing importance in Europe’s manufacturing supply chain. Since we believe in personal approach to customers, Cora’s main role will be to develop relations with our current and potential clients.”
Cora Stolz, 39, joins P3 after working as the director in charge of the Ploieşti Shopping City centre. Previously she held senior executive and management positions for international retail and technology groups in Romania. Prior to 2008 she spent more than seven years in the U.S. in various accountancy roles and studying, including her post-graduate degree in financial management from the City University of New York.
P3 opened an office in Bucharest in 2010, working closely with many international companies in the warehousing, automotive and retail sectors. In October, it agreed to acquire a 215,000 m2 park on the outskirts of Bucharest from CA Immo that includes 40 hectares of land for development. The purchase of the park, to be renamed P3 Bucharest, is scheduled for completion during the first quarter of 2015.