Dunwell has brokered the entry on the Romanian market of the distribution company, El Grupo Número 1, the largest multi-brand franchiser in Spain, through the lease of a 3,000 sqm warehouse in P3 Bucharest A1 industrial park. Thus, El Grupo Número 1 will enter Romania as an exclusive distributor of on sale Spanish fashion products, with several street shops and shopping centre locations, where they will sell last years’ collections.
Jeff Medeiros, General Manager in România of the Spanish distributor, commented: “We offer the very best Spanish and European retail brands at super affordable prices. In the past 10 years, we have been growing rapidly through partnerships or with our own stores. Now the time has come for us to advance into Romania, and then into neighbouring countries like Bulgaria, Hungary and Moldova. We really needed to start with the right foot though and that was achieved through our partnership with Dunwell. Daniel Cautis from Dunwell really got our needs right from the get-go and did an extensive and thorough, customized job, very well executed and time-consuming, to really find us the best option in the warehouse market. We are now happily installed in an A-class warehouse at a great location, P3 Logistical Park at Chiajna, next to the DNCB.”
“It is very rewarding to be able to contribute to the launching and development of new businesses in Romania and thus we are happy to have brokered the leasing of the warehousing space for El Grupo Número 1. Taking into consideration their specific distribution requirements, we have chosen the best solution for them, the viable space within P3, that provides easy access to all of Bucharest’s 6 districts, to Henri Coandă International Airport and both A1 and A3 highways,” said Daniel Cautiș, managing partner at Dunwell.
With more than 380,000 sqm within 14 warehouses and a plot of land that allows the building of another 100,000 sqm of logistic spaces, P3 Bucharest A1 is the most complex industrial park in the Capital. Besides the railway terminal that serves the goods transportation and to which recently they have added the passengers travel possibility, the park also benefits from a canteen with more than 400 sqm of surface and 200 seating places, that will be inaugurated in November.
“Fashion retail is an important segment that is constantly developing, and Grupo Número 1 is an ambitious player who has both the experience and the know-how to rapidly expand its business in the region. We are confident that they will soon become a well-known brand, renowned in the local market. We would like to welcome our partners in the P3 community and we are happy they have chosen our logistic park to set up the basis of their operations in Romania,” said Sînziana Pardhan, Managing Director P3 România.
Dunwell experts observe that the industrial sector, compared to the other commercial real estate sectors (retail and office), is the most settled and predictable during these critical times. The pandemic has modified the dynamics of the transaction for the industrial spaces, in matters of adapting the renting periods and surfaces, both from the tenant’s perspective and from the landlord’s. These changes have occurred, amongst other reasons, to cover the peaks generated by the transfer of the consumption from the offline (in-store) to the online (from the warehouse). As regards the retail and office space, a significant amount of clients look for solutions to sub-lease or reduce their surfaces, while the industrial parks keep their tenants and the latter maintain their activity continuous and uninterrupted.
At the same time, there has also been a change in the retail market, where tenants in the fashion sector have registered income increases from online sales, together with lowering the maintenance costs of the same product in a warehouse as opposed to a store in a mall. The decision thus tilts towards an optimisation process of the distribution chain to the final consumer.
