P3 Logistic Parks has acquired 16 ha in Dragomiresti Vale, near Bucharest, where it plans to develop a 80,000 sqm logistics park. The new property will be called P3 Bucharest NW Ring Road. Construction on the first warehouse is set to to break ground in the second half of next year. P3 entered the local market in 2014, when it acquired Europolis Logistic Park, near Bucharest, from CA Immo.