Minimax signs pre-lease for 14,000 sqm

Minimax Discount retail chain has signed a pre-lease for 14,000 square metres of space that it will use for its central warehouse in the Mercury Logistic Park in Northwest Bucharest. The transaction, which was brokered by Eurisko, a real estate company, is the largest on the market for industrial space so far this year. With monthly rent for industrial space in the west of the city costing 4.5-6.5 euros per square metre, the total value of the deal could be worth over 8 million euros over ten years. “The space by the Bucharest-Pitesti highway is necessary to our long-term development, which will see us expand to a network of up to 50 stores,” said Rainer Exel, Minimax Discount general manager. After the central warehouse in northwest Bucharest, Minimax will also open another warehouse, most likely in the north of the country, from where it will cover its expansion in that region. When it moves in October, Minimax Discount will be the first tenant at Mercury Logistic Park, a project that will put approximately 100,000 square metres onto the market. ZF