PROFI, the Romanian modern retail network with the widest geographical coverage in the country, strengthens the long-term partnership with Logicor, a leading owner and manager of logistics real estate in Europe, by signing an extension of its lease agreement for the c.52,000 sqm premium warehouse space in Logicor Ploiești logistics park.
The deal, representing one of the largest lease agreements announced in Romania this year, was advised by JLL Romania.
PROFI has been operating successfully from the Logicor Ploiești logistic park for the past 10 years and capacity has twice expanded to accommodate their sustained, accelerated growth.
PROFI CEO Gaetan Pacton, said: “In the consistent expansion of our network we value maintaining a partner base of professional companies that act consistently in support of growth and quality. Logicor Ploiesti falls in the category of logistic parks that we appreciate so we consequently count on it in the years to come.”
Mihai Diaconescu, Director Asset Management, Logicor Romania, said: “We value our long-term partnership with PROFI and remain committed to further supporting their ambitious strategy for growth in Romania. Logicor Ploiești is a well-positioned, state-of-the-art and customized logistics park that strategically services PROFI’s national distribution network and has become a real competitive advantage, in today’s dynamic retail business”.
Viorel Opait, Business Development Director for JLL Romania, said: “We are proud to support PROFI and Logicor in their commitment to extend this long-standing partnership and to continue to set an example of professionalism and quality services. We are always happy to help companies that share the same values and strong business principles cooperate and accomplish such remarkable results.”
Located on DN 72 Ploieşti-Târgovişte road, approximately 8 kilometers west of Ploieşti city centre in Prahova County, Logicor Ploieşti is very well positioned, given its close proximity to junction A3 and Ploiesti Ring Road, ensuring excellent distribution to the South and East of Romania.
Currently, Logicor Romania’s portfolio exceeds 260,000 sqm of A-class warehouse space of which c. 82,000 sqm were developed and delivered over the past 18 months. Logicor’s owned land zoned for logistics allows for the incremental development of more than 400,000 sqm in key economic hubs around the country.