The company plans to develop an administrative HQ with a customer centre and a logistics warehouse on the site.

Ireks is a family-owned business headquartered in Kulmbach, Germany, serving customers in more than 90 countries worldwide. The group has been present in Romania since 2007 through its local subsidiary Ireks Pan Romania. The company produces baking ingredients from improvers and mixes to malts and sourdoughs, plus base and speciality malts for breweries and craft brewers.

Ștefan Oprea, Consultant, Land & Industrial Agency at Cushman & Wakefield Echinox, said: "Following analysis of available land opportunities in the Bucharest area, the selected plot fully meets the company's strategic requirements."

The property is located in an area that has become a hub for industrial and logistics developments. Proximity to major players in the baking industry represents a competitive advantage, whilst easy access to public transport and developed utility infrastructure were decisive factors in the acquisition decision.