Vabeld grows portfolio in Romania.


In addition to its previous investment in A1 business park on the western fringe of Bucharest, Vabeld acquired another 70 hectares of land for logistics and semi industrial use. The vast majority is a contiguous block located just 2 kilometres off the western part of the Bucharest ring road. Negotiations with some large anchor tenants are already underway.

In A1, the development of the 20,000 square meter warehouse named S1 is making good progress. A lease for over 10,000 square meters and an additional cross docking facility was signed with Delamode Logistics, as announced during a press event on October 11th in the Bucharest Marriott Hotel. Delivery is scheduled for March 2017. All other properties in the business park have now been delivered to the tenants and are income producing. Vabeld has more land in A1 for future construction.