Terranova Logistic Park in Northern Bucharest Has Been Sold

Terranova Logistic Park, located on the Bucharest-Târgovişte Road, in the northern area of ​​the Capital, has been sold to a group of investors active in the local real estate market, in a transaction brokered by the real estate consultancy Cushman & Wakefield Echinox.

The logistics park was previously owned by a private group of investors, including the owners of Agora Plast, a plastics producer.

“The main advantage of the area where this project is located is its strategic positioning, with easy access to the Bucharest Ring Road. This location benefits from very good connections to both the main road transport arteries around the Capital, as well as to the motorways, which is essential for logistics and distribution activities,” says Ştefan Oprea, Consultant Land & Industrial Agency Cushman & Wakefield Echinox.

Terranova Logistic Park has two office buildings with areas of 2,000 and 1,000 square meters, and two storage halls of 7,000 and 5,000 square meters, located on a plot of 25,000 square meters. Several companies operate within the project, with an occupancy rate of over 95%.