Wednesday, 6 August 2014
Helios Phoenix expands Olympian parks by over 20,000 m² (RO)
Helios Phoenix, the sole owner of the Olympian Parks industrial portfolio, announces an occupancy level of 100% and the plan to extend both locations in Brasov and Timisoara with over 20,000 m². Colliers International is property manager for Olympian Parks since 2011. The two logistics parks in Brasov and Timisoara are 100% leased.
The industrial portfolio with an existing total area of 45,000 m², owned initially by GE Capital Real Estate together with Helios Phoenix, was transferred last year in full ownership of the Helios Phoenix group, following GE Real Estate’s decision to withdraw from Eastern Europe. Colliers International is the property manager for the two logistic parks, having won the mandate in the second half of 2011.
Olympian Park Brasov offers 17,880 m² of high quality storage spaces and it is fully occupied ever since the fall of 2013. The tenants of the project are Rolem (6,000 m²), Terwa (3,600 m²) and KHD (6,000 m²).
The 27,280 m² project developed in Timisoara was delivered on the market in the second quarter of 2011 and reached a 100% occupancy level in February this year, after the global solutions provider for the energy sector AMSC leased a 2,700 m² space. The project also houses the electronic equipment manufacturer TT Electronics (15,000 m²) and the logistic operator KLG Europe (7,300 m²).
Following the demand of existing tenants, Helios Phoenix decided to extend the Timisoara park with a 20,000 m² built-to-suit unit and intends to also extend the industrial park in Brasov with approximately 5,000 m². The extension in Timisoara has already started and construction works will be finalized in Q2 2015.
Source: Colliers International