Metav will build a new built-to-suit building, customized according to the client’s requirements, whose delivery is scheduled for the first quarter of 2021. Positioned inside the city, Metav industrial park responds to retailers’ growing need to shorten the supply chain to stores and to make the delivery process to online customers more efficient.
“I am glad that we were able to help the Tei Group to identify the right location for their first consolidated warehouse in Bucharest. The warehouse will be a semi-automatic, multifunctional one, meant to serve both the online business and the traditional one of the Tei Group. I would like to thank the Tei and Metav Group representatives for their efforts in making this project possible”, said Andrei Brînzea, Partner, Head of Land, Industrial & Logistics, Cushman & Wakefield Echinox:
The Tei Group is one of the largest Romanian entrepreneurial businesses in the retail industry. The two companies that operate the Farmacia Tei and Bebe Tei store chains achieved in 2019 a total turnover of approximately 200 million euros with 850 employees. (source: Cushman & Wakefield Echinox)