Eurorent Airport, Timisoara

Client: Eurorent Airport
Location: Timisoara, western Romania
Size or value: 10,200 sqm GLA of industrial and offices


Type Projects

Date 01/01/0001

Services used:
Industrial Agency

Eurorent Airport lease in Timisoara

Background
EurorentAirport is an industrial park located in the western part of Romania, in Timisoara area. The park is provided with a strategic location for industrial use, in close distance from the airport, ring road and motorway infrastructure.

Requirements
The owner of EurorentAirport asked us to undertake the lease of the property, preferably to a single occupier.

Solution
We have started a leasing and marketing campaign in order to attract interest from potential tenants and maximize the rental potential of the subject property.

We have identified SHW AG, a leading automotive supplier from Germany, that was searching to open a production facility in central / western Romania. They showed interest in EurorentAirport and after negotiations they let a total built area of 10,200 sqm, including the existing hall and a built-to-suit extension under pipeline.

Reward
The park was let to a single tenant, for a rental level above the market average.

The leasing transaction was joined also by an investment agreement, with SHW AG following to purchase the property in 2019.

Project Lead: felicia.vasiu@activpropertyservices.ro