Friday 16th Nov 2018 - Logistics & Supply Chain

€175M Romanian warehouse joint venture

GE Real Estate Central & Eastern Europe and Helios Phoenix have formed a joint venture to undertake €175 million of distribution warehouse developments throughout Romania.

The joint venture will initially develop seven Class A logistics and distribution warehouses, totalling 315,000 sq m located in the largest cities of Romania, with close access to highways and major roads. The first projects, to be undertaken on a speculative basis, will be in Bucharest, Timisoara, Constanta, Brasov and Cluj.

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