Global Vision, Globalworth buy logistics project in central Romania

With the possibility to develop up to 18,000 sq m of warehouse space, temperature-controlled units, office and social areas in a single roof project, Mures City Logistics is expected to be finalised and delivered in the first quarter of 2023, the companies said in a joint press release.

In the last months, Global Vision has acquired land which provides development potential for approximately 150,000 sq m. Over the next period, the company plans to develop logistics projects in the cities of Otopeni, Chitila, Oradea and Bacau.

"We decided to acquire, together with our partner Global Vision, Mures City Logistics, a last mile project where we intend to also develop temperature-controlled units, a niche market with very good prospects." said Mihai Zaharia, Globalworth Romania Investment Director and Globalworth Group Capital Markets Director.

Global Vision is a Romanian real estate company. Founded 18 years ago, it provides provides development, design, project management and construction services to private and institutional investors in Romania and Central and Eastern Europe.

Globalworth is real estate company active in Central and Eastern Europe which acquires, develops, and directly manages offices and industrial real estate assets. In Romania, the company is present in the cities of Bucharest, Timisoara, Constanta, Pitesti, Arad and Oradea.

(1 euro=4.9397 lei)