UBM Development finalizes the sale of a large portfolio property, the logistics park Chitila in Romania. On the way becoming a pure developer, this sale is an important step in the implementation of our strategy - the clear focus on the three home markets of Germany, Austria and Poland and the three asset classes of hotel, office and residential properties," says Andreas Zangenfeind, Head of Transactions and member of the Executive Committee of UBM Development AG.
The Chitila Logistics Park (CLP), which was developed by UBM between 2007 and 2009, is located near Bucharest and is almost fully leased. The tenants include the international logistics company Schenker, the Ringier Print, a printing company and the pharmaceutical retailer Europharma. The property comprises 93,000 sqm of land and offers a modern new building logistics system with rental space ranging from 1,750 sqm to 45,000 sqm. The units provide flexible possibilities for storage, distribution and light industry.
Logistics hub with optimal infrastructure
Chitila Logistics Park is strategically located in the west of Bucharest, directly on the ring road, not far from the A1 (E81) or DN1 (E60) highways and only 16 km from the Henri Coanda Airport Bucharest. All important logistics business areas are located in the immediate vicinity. The relevant rail terminals in Chitila and Pajura are also close by.
