Global Vision and Globalworth lease to PepsiCo a part of the first warehouse delivered within Constanța Business Park, the newest real estate mixed-use project in the region, developed on a 100 Ha area.
It is about the storage space of approximately 6,000 square meters and an office area of 550 square meters, where the company’s employees will carry their activities.
“When we started the development of the Constanța Business Park project in 2019, we relied on the numerous advantages it will offer to future tenants due to its strategic positioning. Constanța benefits from the best connectivity in Romania in terms of infrastructure, with easy road and railway access, as well as access to the sea and river routes. All this, as well as the development of the supply chain operation, brings together new strong partners such as PepsiCo. We are glad to have them by our side, and this new long-term partnership confirms our good decision to build this business park near the port of Constanța.”, said Mihai Zaharia, Director of Investments and Capital Markets at Globalworth.
Constanța Business Park is an ambitious project that proposes to its customers and the local community, in addition to industrial and storage spaces and components for office, retail, strip mall, hospitality, and an intermodal terminal.
“We will deliver next month, a fully-equipped and functional space for our tenant. We are glad that PepsiCo will carry out its long-term distribution operations in the area, in the project developed by Global Vision and Globalworth in Constanța. The transaction concluded with the help of CBRE is a strong confirmation of the success of this project. With this new delivery in Constanța, we are getting closer to the total area of almost 60,000 square meters that we plan to inaugurate this year”, said Sorin Preda, CEO Global Vision.
In July, Globalworth and Global Vision completed the construction of the first 20,800 square meters storage unit. The potential of expanding the current unit is up to 100,000 square meters, and the logistics and industrial function is up to 400,000 square meters.
Constanța Business Park is located near the Port of Constanța, on the Pan-European IV transport corridor, with easy access to the A4 Motorway and connected to the national road DN 39 that connects Constanța to Mangalia.
About Global Vision
Global Vision is a Romanian company, founded 16 years ago by Sorin Preda, which provides development, design, project management, and construction services, real estate project management owned by private and institutional investors in Romania and Central and Eastern Europe. Global Vision has developed and built over 1,600,000 square meters and manages approximately 800,000 square meters within the property & facility management division.
For more information, visit www.globalvision.ro.
Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland. Globalworth invests, acquires, develops, and directly manages high-quality office real estate assets and industrial and logistics parks in prime locations, generating rental income from high-quality tenants from around the globe. Managed by over 200 professionals across Cyprus, Guernsey, Romania, and Poland, a combined value of its portfolio is €3.0 billion, as of 30 June 2020. Approximately 94.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of c.700 national and multinational corporates. In Romania, Globalworth is present in Bucharest, Timisoara, Constanta, and Pitesti, while in Poland its assets span Warsaw, Wroclaw, Lodz, Krakow, Gdansk, and Katowice.
For more information, visit www.globalworth.com