Bucharest - 08 noiembrie 2010
-
Valad, the European multi-let real estate investment manager, announces that its Romanian team has signed a three year lease and extended an existing lease at the A1 Business Park in Bucharest on behalf of its Central European Industrial Fund (“CEIF”).
CEIF was established in 2005 and invests in multi-let industrial property across Central Europe with a primary focus on Romania, Poland, Hungary and the Czech Republic.
Tissue Land Distribution (“Tissue Land”), a wholesale trade company, has signed a lease totalling more than €310,000 on 1,773 sq m of warehouse and office space while D-Log (formerly Decomar Logistic), a leading provider of logistic services for small and medium requirements, has effectively doubled their initial leased area of 1,700 sq m taking their total leased area to 3,400 sq m.
Situated on the A1 Highway, the A1 Business Park is one of the leading developments providing small and medium-sized quality office, commercial and warehousing space in the Bucharest area. Existing tenants include DHL, Uniscan Trade, Valsider Production, Bravo Group, and Coleco Trade.
Silviana Badea, Country Manager at Valad Romania, said: “We are pleased that Tissue Land has chosen the A1 Business Park as the location for starting their new production facility in Bucharest. Furthermore, the decision by D-Log to double its leased area demonstrates the importance of having local asset managers capable of servicing both existing and potential tenants.”
Valad has let over 19,000 sq m of space in Romania and 80,000 sq m across the whole of the Central and Eastern Europe (“CEE”) region so far this year, through both lease renewals and new lettings. It manages more than 600,000 sq m of space in CEE across its four offices in Romania, Poland, Hungary and the Czech Republic.
About Valad
Valad Property Group is a leading multi-let investment manager with an international network of local offices managing over €6.2 billion globally.
In Europe, Valad manages 900 assets in 15 funds with a value of greater than €5 billion. Its core business is value-adding real estate investment management with local asset management teams taking care of over 8,500 tenant customers.
Valad has 250 staff and 20 offices in 12 countries across Europe and 300 staff worldwide and is listed on the Australian Stock Exchange.
For further information contact:
Silviana Badea, Valad Romania
Tel. +40 (0) 722 236 787 or +40 (0) 731 732 929 silviana.badea@valad.ro
Jeremy Carey, James Verstringhe, Tavistock Communications
Tel. +44 (0) 20 7920 3150
Louise Bathersby, Valad
+44 (0) 20 7659 6710 louise.ba
http://www.valad.co.uk/
Cuvinte cheie:
Valad lease Business Park