P3 discusses possible exit from Romania

3 October 2024

The sovereign fund of the state of Singapore GIC could take into account the sale of the logistics project of P3 in Romania, according to data from the real estate market, and on the short list would be CTP, WDP, and Garbe and Hillwood.

The stake of the transaction is the sale of the Logistic park P3 on the A1 highway. The total area of the park is approximately 380,000 sqm and currently includes 14 buildings, an electrical station and a railway terminal.

The park has a self-service restaurant with a capacity of 200 seats and a building with accommodation units for workers with a capacity of 252 seats.

Among the largest tenants of the park are Carrefour, eMAG, Altex, Gebrüder Weiss, Elit, Agricover, HOPI, Europharm, Interbrands and Logistic E Van Wijk.

P3 would be the second big name that would mark an exit from the local logistics and industrial market in 2024, after Globalworth. The sovereign fund of the state of Singapore could collect EUR 265 million.

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