P3's Peter Bečár receives Capital Magazine award for coordinating company's Romanian market entry with P3 Bucharest park purchase

P3 Logistic Parks’ Managing Director for Central & Eastern Europe Peter Bečár was given a special award by Capital Magazine for coordinating what the publication judged was the best new entry by a company into the Romanian real estate. Cora Stolz, P3’s Country Head for Romania, accepted the award on his behalf at a gala ceremony in Bucharest on March 23rd.

Cora Stolz, P3 Country Head Romania said: “P3 recognizes Romania’s potential to become an important European manufacturing and logistics hub due to its skilled and cost-effective workforce, its location and market size. Our major investment in the acquisition of the Bucharest logistics park from CA Immobilien, which we completed at the end of January, demonstrates our commitment and confidence in Romania.”

P3 has acquired more than 1 million m² of assets in the CEE region during the past 12 months through purchases in the Czech Republic, Poland and Romania.

The P3 Bucharest park consists of 215,000 m² of space that is almost fully occupied, plus 40 ha. of land for build-to-suit development. It is a major centre for third-party logistics providers, due to its access to the city’s principal ring road and the A1 motorway plus the onsite freight handling facilities as part of the pan-European rail corridor. The close proximity to central Bucharest attracts e-commerce tenants, notably online retailer eMag, as well as multinationals such as Carrefour, Tibbett Logistics, Gebrüder Weiss and Interbrands.

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