The global investment fund manager, Heitman, has disposed of recently Mercury Logistics Park, yet the other party involved in this transaction has not been disclosed.
Heitman acquired the logistics park in 2008 in a transaction valued at 80 million euro.
JLL acted on behalf of the US-headquartered investment management firm.
“The sale of Mercury Logistics Park is the second significant industrial transaction in Romania in the last 6 months. JLL also successfully closed the record acquisition of Europolis Park by P3. This clearly shows the increasing appetite of investors for prominent logistics / industrial assets in Romania,” said Troy Javaher, EMEA Capital Markets Team’s Lead Director for CEE at JLL, as per a media release.
Mercury Logistics Park covers a total surface of approximately 34,000 sqm divided into three halls, plus about 11.6 ha of land. The logistics space is located within the main logistics and distribution corridor of Romania, at the 23rd Km of the A1 motorway Bucharest-Pitesti, near Bolintin Deal.
The park is placed 12 Km west of Bucharest ring road and 90 Km to Pitesti, its tenants being Dumagas Transport, Tibbett Logistics, and the newest, Rhenus Logistics which rented 14,000 sqm last spring.