Romania Retail Marketbeat Q2 2024
Bucharest, September 2024: NewCold, one of the largest automated and cold chain international logistics companies, has entered the Romanian market through a 9-hectare land plot acquisition from the Belgian developer WDP, in the Northern part of Bucharest, in the proximity of the A0 ring road.
The transaction was brokered by the Cushman & Wakefield Echinox real estate consultancy company, represented by Rodica Tarcavu, Andrei Brinzea and Stefan Oprea, which provided an extensive and elaborated market analysis of the land plot opportunities near the capital city of Romania.
Rodica Tarcavu, Partner Industrial Agency Cushman & Wakefield Echinox: ”We performed a very customized and comprehensive research in order to fulfill the precise criteria which NewCold had in their business case. The main challenging points in the process of identifying the <<perfect plot>> were related to zoning which would allow building up to a 40 m height and a reserve up to 3 MW of electricity on site.”
After 5 months of in-depth analyzing various scenarios, NewCold selected WDP as an experienced and reliable partner who was able to provide a full pre-developed land plot, fitting all the criteria related to utilities, infrastructure and the required urbanistic parameters.
Andrei Brinzea, Partner Industrial & Land Cushman & Wakefield Echinox: “This successful transaction was the result of a mix of confidence, hard work and commitment from all the parties involved. NewCold will thus mark its presence in Romania with a state-of-the-art cold storage automated warehouse which will be completed in 2025 and which will serve its clients throughout the region.”
Founded in 2012, NewCold is a global leader in advanced food logistics, with 22 warehouses on three continents offering a combined capacity of more than 1.5 million pallet positions. Its state-of-the-art facilities are highly automated and energy efficient. With a growing transport fleet, NewCold provides end-to-end supply chain solutions to leading food companies powered by proprietary technology and backed by a team of 2,500 people. It is led by Founder and CEO Bram Hage and backed by Westport Capital Partners.
WDP is a Belgian developer with a consistent footprint in Romania, having a portfolio of almost 2 million sq.m, being second largest player on the logistics & light industrial market. WDP is a public company, listed on the Euronext stock exchange in Brussels and Amsterdam.
