GE Real Estate and Helios Phoenix create €175mln Romanian warehouse development joint venture
June 30th, 2007 by Dino
GE Real Estate Central & Eastern Europe and Helios Phoenix have announced the creation of a joint venture to undertake €175 million of distribution warehouse developments throughout Romania.
The transaction represents GE Real Estate’s first entry into the Romanian real estate market. The joint venture will initially develop seven Class A logistics and distribution warehouses, totaling 315,000 square meter located in the largest cities of Romania, with close access to highways and major roads, and with some located in the proximity of airports.
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- Posted in Eastern Europe, Romania