Eurisko, the leader of Romanias real estate consulting market, announces that Phoenix Real Estates sold at the end of last year the industrial project, Mercury Logistics Park, to Helios Properties, a UK-based property development and investment company.
Eurisko assisted Phoenix Real Estates on this project since its early phase, advising on the development concept, pre-leasing to a main tenant and finally assisting with the successful exit.
Thus, Eurisko not only was the consultant of the biggest lease transaction in 2005 when Minimax pre-leased 14,000 sqm but also assisted the biggest institutional transaction in 2005 on this segment of the real estate market, said Muler Onofrei, manager of Eurisko industrial department. The parties involved in this deal agreed to keep the value of the transaction confidential. The financing for the entire scheme including this transaction and further development of the project, is provided by Eurohypo. This project represents one of the most important industrial developments on the local market, following to have a net total surface of 100,000 sqm on a piece of land of 200,000 sqm. It is situated in the west industrial area, with direct access to the Bucharest-Pitesti highway.