Romania's industrial real estate heats up with Penny's latest investment
Discounter Penny Romania has significantly bolstered its logistics network with the completion of its fifth warehouse, a state-of-the-art facility located in Mihăilești, Giurgiu.
Representing a substantial investment of €35 million, this new logistics hub is poised to become a critical asset in the retailer's ambitious expansion strategy, simultaneously highlighting the increasing potential of industrial properties in the region for other businesses.
Sustainable and scalable logistics solutions
The newly built Giurgiu warehouse spans an impressive 22,000 square meters, situated on a generous 120,000 square meter plot. Set for inauguration next month, this facility marks a significant milestone as Penny Romania's first warehouse to operate entirely without gas heating, showcasing a strong commitment to sustainable and energy-efficient logistics.
This feature is particularly attractive for businesses prioritizing environmental responsibility alongside operational efficiency. The strategic design ensures scalability, with the center projected to serve 70 stores by the end of 2025 and expand its reach to 100 stores by the close of 2027, creating 120 new jobs in the process.
Giurgiu: a strategic location for distribution excellence
The choice of Mihăilești, Giurgiu, for this major investment was deliberate, underscoring the area's strategic advantages for distribution and logistics. Its robust road infrastructure and inherent potential for future expansion make it an ideal location for companies aiming to optimize their supply chains and reach a broader market.
Businesses considering warehouse space or industrial facilities for rent in Romania should note Giurgiu's enhanced connectivity and growing logistical importance.
Broader market trends and future growth
Penny Romania's €35 million investment is part of a much larger vision: a comprehensive plan to inject over €1 billion into the Romanian market by 2029. This ambitious roadmap includes expanding its store network to 619 units and developing a total of six logistics centers. Such a substantial commitment from a major retailer signals strong confidence in Romania's economic growth and consumer market.
For businesses scouting for industrial property, office space, or warehouse solutions, this trend indicates a robust and developing infrastructure, potential for a skilled workforce, and a dynamic environment ripe for investment and expansion. The ripple effect of such significant projects often includes improved local infrastructure and increased demand for ancillary services, creating a fertile ground for related businesses.
Source: economica.net
