We are pleased to share that Lion’s Head is entering the Romanian logistics market, with the recent acquisition of a 155 000 sqm land plot in Bucharest. The plot comes with a strategic location and will be used for the development of a 85,000 sqm GLA sustainable logistics park in the capital city.
Situated in Popești Leordeni, right between, DNCB (the old Ring Road) and the A0 (the new Ring Road), and very close to the A2 (Autostrada Soarelui) highway, Lion’s Heads’s upcoming logistics park will benefit both from the modern road infrastructure, allowing easy access to key areas in the city and transport corridors, and the rapidly growing community in its location.
Earlier in 2024, IFC (International Finance Corporation), part of World Bank Group, invested €150 million into Lion’s Head’s sustainable logistics development projects in Romania and Bulgaria, with the aim of strengthening access to green warehousing infrastructure in the region, and contributing to Europe’s environmental objectives.
“The development of sustainable logistics facilities in Romania has a remarkable potential, as more and more companies are seeking environmentally friendly, self-sufficient and cost-efficient solutions. At Lion’s Head, we recognise the opportunity the market offers and with this acquisition we begin the diversification of our portfolio in Romania”, said Alina Necula, Country Manager Romania for Lion’s Head, upon announcing the latest acquisition.
Designed as a Class A project, the logistics park will be developed within a flexible space concept, employing environmentally friendly materials and sustainable construction methods, ensuring the necessary versatility to accommodate a wide range of industries. Technology marks a key accent in the project’s outline, where the latest trends will be implemented to enhance safety, and provide for optimised energy consumption and overall cost of operations.
“Last year, we took a significant step by entering the Bulgarian logistics market, by acquiring a logistics platform operated by a high-performance team, which placed Lion’s Head as the second biggest owner of logistics properties in the country. We are excited to expand our logistics portfolio in Romania by developing projects that meet the highest standards and requirements of international tenants “, commented Vladimir Gurdjieff, Director Logistics & Industrial properties at Lion’s Head.
The land acquisition process was assisted by Cushman & Wakefield Echinox, together with Peli Partners, for legal services on closing the deal. Pre-development works have been finalised as of today, and the next step is obtaining the building permit. Construction works are expected to begin in the first half of 2025.
Lion’s Head is AG Capital’s investment and asset management platform, that currently owns and operates 5 office buildings, 2 in Sofia – Polygraphia Office Center and Megapark, and 3 in Bucharest – Oregon Park A, B & C. All five buildings have been awarded green certificates (BREEAM and LEED) and operate under a high level of sustainability. In 2024, Lion’s Head made its entry on the logistics market in Bulgaria, acquiring BPD (Bulgarian Property Developments) and its 3 logistics parks in Sofia, Varna and Ruse, thus becoming the second-largest owner of industrial real estate space in the country.
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