JLL has advised SLS in the lease of 15,500 sqm warehouse spaces
Romania Corporate property to rent. SLS Cargo, a transport and logistics company, rents 15,500 sqm of warehouses in P3 Bucharest A1, advised by JLL.
JLL has advised SLS Cargo, a transport and logistics company, in a lease transaction of 15,500 sqm of warehouse space in P3 Bucharest A1, located approximately 13 km west of Bucharest’s city centre.
The new location is consolidating under one roof the logistic operations of SLS Cargo located around Bucharest.
”The location of SLS Cargo's new warehouse center in one of the most dynamic logistic and industrial area in Romania, right next to A1, is part of the company's strategy to provide better services to customers from Bucharest and nearby. P3 Bucharest A1 is the perfect choice for SLS due to its strategic position and to the possibility of further expansion. Also, the owner's flexibility and the quality of the buildings were very important criteria for SLS Cargo in the process of identifying the best solution of consolidation of its logistic operations", comments Mihai Escu, consultant Industrial JLL Romania, which represented SLS in the lease transaction.
The logistics services company SLS Cargo started operations in 2014 by opening its first operational office in Bucharest. In 2015, the company's activity develops through the opening of two new locations in Rădăuți and Constanța, followed in 2016 by the inauguration of the first SLS Cargo warehouse in Bucharest.
With the formation of a new team, 2017 also meant the opening of the first railway terminal in Bucharest exclusively operated by SLS Cargo. In 2018, the company opened its first offices in Bulgaria and Italy. Last year, SLS Cargo has consolidated its position as a player on the transport and logistics services market by operating 25,000 sqm of storage space in 4 locations in Mogoșoaia, Bâcu, Buftea and Cluj. In 2020, FAN Courier, the leading courier service in Romania, took over the majority stake of SLS Cargo.
The trend of consolidating the logistic operations in order to optimise the supply chain with the retail networks continues to be present in the local industrial market.
Total demand for industrial and logistics spaces in Romania during H1 2020 reached almost 269,000 sqm, slightly above the 260,000 sqm recorded in H1 2019. Retailers were the most active tenants, followed by logistics companies.
“We are very happy to welcome SLS Cargo to P3 Bucharest A1 Park. It is a privilege to start a collaboration with such an entrepreneurial and dynamic company and we are ready to provide our full support for their expanding business. SLS Cargo leased entirely one of the benchmark buildings in our park, which, along with the surrounding dedicated platform is a very good fit for their current operations. A big thank you to JLL for their professionalism and support in closing this deal.”, said Sînziana Pardhan, Managing Director P3 Romania.
P3 Bucharest A1 park is the largest multifunctional park in Bucharest, having 380,000 m2 developed in 14 warehouses, a high voltage station, railway terminal, and a land bank with potential of delivery 100,000 m2. Located in the area of Chiajna commune, approximately 13 km west of Bucharest’s city centre, the park features direct access to the A1 motorway - part of the pan-European Corridor IV, and is planned to connect Bucharest with the western part of Romania. The park is close to Bucharest’s ring road, providing easy access to all the city’s six districts, Henri Coanda International Airport (22 km) and A2 motorway.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.