PointPark Properties, which is controlled by investment funds TPG and Ivanhoe Cambridge, is currently negotiating the acquisition of Europolis Logistic Park, the largest logistic development near Bucharest.
The park has a leasable area of 214,000 sqm and is controlled by Austrian group CA Immo. The project is located in Western Bucharest, where the freeway that goes from Bucharest to Pitesti starts. Among its tenants are Carrefour, Altex and eMAG.
The logistic park was valued at €120 million, according to CA Immo’s latest financial report. The deal could be finalized by the end of this year.
Romanians’ appetite for real estate purchases outside the country’s borders is increasing this year by 50 percent, compared to 2021, according to Premier Estate Management specialists. “Until this year,...