H.Essers Builds Romanian Distribution Center

Belgian logistics services provider H.Essers started construction of a distribution center on a 50,000 sq. m land plot near Bucharest on January 14, the company announced. Total investment in construction of the facility is estimated at about EUR 12.5 mln. The project, due to be completed in October, will have an area of 33,000 sq. m, with an option to be extended to 100,000 sq. m. "H. Essers last year bought land in the Bucharest Industrial Park project, initiated by the Ratiu family through Universal Property. At first, H. Essers wants to build a 30,000 sq. m warehouse on 5.0 ha of land. The company has an option to take over another 20 ha. After the first phase, the company will continue with the second phase," Alexandru Hagea, sales manager at the Universal Property, told Mediafax. Universal Property owns approximately 100 ha of land near A1 Bucharest-Pitesti Highway, in the Bolintin Deal area. The company has sold 73 ha of land to several logistics companies since the beginning of 2005.