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News from Members The largest transaction on Romanian industrial market in this year: JLL advised Metro in the lease of 58,000 sqm industrial facility in North of Bucharest

The largest transaction on Romanian industrial market in this year: JLL advised Metro in the lease of 58,000 sqm industrial facility in North of Bucharest

by JLL November 5, 2018

JLL advised Metro in the proccess of consolidating its distribution centers into a one roof concept in the new project developed by WdP in the North area of Bucharest, Stefanesti. This is the largest transaction on the Romanian industrial market in this year.

”Together with Metro we have designed a very structured tender process with a strict timeline that allowed to conclude the contract in only six months from the start. It was a complex project involving both ambient and temperature control areas, the biggest challenge being to set up all the details for a record transaction of more than 58,000 sqm”, said Costin Bănică, head of Industrial Department JLL România.

The aim of the process was to create synergies within the organisation and the suppliers network. Moreover, through the result of this process Metro adressed the work force issue, one of the most difficult aspect of the logistic business.

West of Bucharest, the prime industrial area, is facing a shortage of logistics workers, the companies operating there being in the situation to attract people from 50-60 km away.

„Stefanesti offers all the advantages of an emerging area including a higher availability of work force. Metro has appreciated  the operational advantage of being in an area were the Ring Road is developed as an express road together with very good connections with A1 highway to Pitesti and Inner Bucharest”, comments Viorel Opaiț, Business Developer Director JLL Romania.

The trend of consolidating the logistic operations in order to optimise the supply chain with the retail networks is present more and more in the most dinamic period of the industrial market.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.ir.jll.com.

 

 

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