PointPark Properties (P3) have signed a cooperation agreement with NBGI Private Equity Limited, a leading European private equity and venture capital firm, for development and leasing management services in respect of the Arad Business Park in Romania. This industrial park, built on 6.5 ha of land, offers 40,000 sqm of built-up area used by tenants for light industry, logistics and distribution.
One of the park’s advantages is its outstanding location near the city centre (2.5 km) and close to the Arad exit to Hungary (50 km). It is easily accessible by road, railway and public transportation. Another plus is the local retail centre which is adjacent to the park.
According with Craig Maguire, Managing Director P3 Romania, this is the second project in Romania since P3’s entry into the market. The park currently offers 16,200 sqm of warehouse and office space for immediate use, plus a further 20,000 sqm suitable for Build-To-Suit projects.
NBGI Private Equity is a leading European private equity and venture capital investment company based in London, UK. The firm was founded in 2000 and currently is managing approximately 900 million euro across a number of different funds. The Real Estate Fund invests in property backed assets in Central and Eastern Europe and focuses on development projects and existing assets including logistics and warehousing, industrial and retail.
