Lion’s Head has obtained the construction permit for its first logistics park in Romania, to be developed in Popești-Leordeni, near Bucharest. The project will span approximately 85,000 sqm of built-up area and offer flexible warehouse units ranging from 1,500 to 20,000 sqm. Strategically located between the existing DNCB ring road and the new A0 ring road, with direct access to the A2 highway, the site ensures efficient connectivity across Bucharest and to key national transport corridors. The logistics park will comprise three warehouse buildings designed for storage and distribution purposes. Each unit will offer a clear height of 12 meters, addressing the operational needs of various tenants. The development will occupy a 155,000 sqm plot acquired by Lion’s Head in 2023, with construction scheduled to begin in the third quarter of 2025. The investment is valued at EUR 65 million. Designed with a focus on sustainability and efficiency, the project includes landscaped green spaces, recreational areas, and ample parking with electric vehicle charging stations. It will incorporate modern building management systems (BMS), sustainable materials, and smart energy solutions to reduce operational costs and environmental impact. “Romania’s logistics market holds exceptional potential, and we are fully committed to contributing to its growth. With our experienced local team, we are confident in delivering a project that provides sustainable, efficient, and flexible spaces tailored to tenant needs,” said Alina Necula, Country Manager Romania at Lion’s Head Investments. “This step aligns with our strategy to expand into new CEE markets by transforming local opportunities into regional growth platforms. Romania is central to this vision, and this logistics park will play a key role in shaping our next-generation, future-ready logistics portfolio,” added Vladimir Gurdjieff, Group Director Logistics and Industrial Assets at Lion’s Head Investments. The development marks Lion’s Head’s entry into Romania’s logistics sector and the expansion of its local portfolio. The company, a joint venture between AG Capital and Old Mutual Property, manages assets worth over EUR 440 million, including the Oregon Park office complex in Bucharest. In 2024, the International Finance Corporation (IFC), a member of the World Bank Group, committed EUR 150 million to support Lion’s Head’s sustainable logistics developments in Romania and Bulgaria, aimed at enhancing green warehousing infrastructure across the region.