NewCold enters Romania with land purchase

Business Forum

19 September, 2024 at 10:06 AM

NewCold, specialized in automated and cold chain international logistics, has entered the Romanian market through a 9-hectare land plot acquisition from WDP in northern Bucharest, for an undisclosed sum. The land is located close to the new A0 ring road of Bucharest.

The deal was brokered by Cushman & Wakefield Echinox. The land plot is pre-developed and meets all criteria related to utilities, infrastructure and the required urbanistic parameters.

Andrei Brinzea, Partner Industrial & Land at Cushman & Wakefield Echinox, said that NewCold will develop near Bucharest a state-of-the-art cold storage automated warehouse, which will be completed in 2025. It will serve the company's clients throughout the region.

Founded in 2012, NewCold is a global leader in advanced food logistics, with 22 warehouses on three continents offering a combined capacity of more than 1.5 million pallet positions.

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