Lion’s Head enters the Logistics Market in Romania
Lion’s Head Investments announces its entry into the Romanian logistics market with the acquisition of a 155,000 sqm plot of land. The company is a joint venture between AG Capital and Old Mutual Property, managing a real estate investment portfolio worth €440 million, which includes Oregon Park in Bucharest.
The recently acquired land is strategically located in Popești Leordeni, between DNCB (the old Ring Road) and A0 (the new Ring Road), near the A2 highway (Autostrada Soarelui). The company plans to develop a logistics park with a total leasable area (GLA) of 85,000 sqm. Construction is expected to begin in the first half of 2025.
In 2024, the International Finance Corporation (IFC), part of the World Bank Group, invested €150 million to support Lion’s Head’s sustainable logistics development in Romania and Bulgaria. This strategic investment aims to strengthen access to eco-friendly storage infrastructure in the region and contribute to Europe’s environmental goals.
“The development of sustainable logistics spaces in Romania presents remarkable potential, given the growing interest of companies in eco-friendly, integrated, and cost-efficient solutions. At Lion’s Head, we are aware of the specific opportunities in this market, and this acquisition marks the beginning of diversifying our portfolio in Romania,” said Alina Necula, Country Manager Romania at Lion’s Head Investments.
“Last year, we made a significant step by entering the logistics segment in Bulgaria through the acquisition of a platform operated by a high-performing team, which made us the second-largest logistics space owner in the country. We are now excited to expand our logistics portfolio in Romania by developing projects that meet the highest standards and international tenant requirements,” stated Vladimir Gurdjieff, Director of Logistics & Industrial Properties at Lion’s Head Investments.
The logistics park to be developed on the land in the Popești Leordeni area benefits from modern road infrastructure, allowing easy access to key areas in Bucharest and major transportation corridors. Additionally, the project is strategically located in a rapidly growing community, providing access to a sufficient and skilled workforce for future tenants.
All preliminary development activities have been completed, with the next step being obtaining the construction permit and commencing construction work. The future Class A logistics park will be developed based on a flexible space concept, using eco-friendly materials and sustainable construction methods to ensure versatility for accommodating a wide range of industries. Technology will play a crucial role in the project, with the implementation of modern solutions designed to enhance safety, energy consumption, and overall operational costs.
The land acquisition was assisted by Cushman & Wakefield Echinox, while the Romanian law firm Peli Partners provided the legal services required to complete the transaction.
Lion’s Head is a real estate investment and asset management platform focused on prime office and logistics properties in the CEE region. The company is a joint venture between AG Capital, a leading commercial and residential real estate investment group in the CEE region, and Old Mutual, a major real estate investment platform from South Africa. The company’s portfolio includes five Class A office buildings in Sofia and Bucharest and three logistics parks in Bulgaria, with a total area of 445,000 sqm.
