Romanian retail chain Profi, controlled by investment fund Mid Europa Partners, rented 60,000 sqm of logistics space within CTPark Bucharest West logistics park operated by CTP, along the A1 Bucharest-Pitesti highway, according to data from the logistics market quoted by Ziarul Financiar. The contract reportedly starts in 2020, says Romania-Insider.com.
This is the third expansion of Profi in the last two years. First, it contracted 30,000 sqm from WDP in Roman, northeastern Romania, in April 2017 – a transaction brokered by the consulting company JLL Romania. Later, in September the same year, it contracted 10,500 sqm in the CTPark Cluj I logistics project in Apahida, near Cluj-Napoca in northwestern Romania.
Profi is the local modern retailer with the widest footprint, with over 1,000 units in approximately 500 towns across the country.
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