Europa Capital appoints PointPark Properties for its project in Cluj, Romania
Tuesday, January, 05, 2010
PointPark Properties (P3) an asset manager and developer of distribution facilities across Europe, announced that it has signed an agreement with Europa Capital, a pan-European real estate investment management business, to provide transactional and development services to Europa Capital for their logistics and industrial project in Cluj, Romania.
The project which will be rebranded as ‘PointPark Cluj’ extends in total to 54 ha of land with a current masterplan to provide a footprint of 204,000 m2 of Class A Distribution and Industrial Space. The Park is located in Cluj County, in the North West of Romania, a strategic industrial and transit area. The project is situated close to the town of Turda, in close proximity to the intersection of two national motorways and to the new A3 motorway, which is currently under construction.
Craig Maguire, Country Manager of P3 Poland, who will also lead the P3 Romanian team, says: “We are delighted to be working with Europa Capital to provide key services for them on a very exciting project. As a result of this project we will open a new office in Romania and look to grow further in the country.”
Ian Worboys CEO PointPark Properties further comments: “I am delighted that we are working with Europa Capital on this exciting project in Turda, near Cluj. This agreement brings together the best of both companies and allows each of us to use the skills which exist within our teams to maximise the success of this strategically located warehouse Park.”
Tim Norman, the Head of Emerging Europe at Europa Capital, says: “We are very excited about placing the park within the PointParks European Brand, and working with their team of specialists to maximize the potential of the project.”
Noel Manns, Principal of Europa Capital, stated that “We are very pleased to be working once again with the team at PointParks after their successful delivery of the NorthPoint and SouthPoint developments in Prague, Czech Republic and look forward to achieving such success in Romania.”
For further information, please contact:
PointPark Properties Sp.z.o.o.
Kamila Newlin-Łukowicz
Public Relations & Marketing Manager
Kamila.lukowicz@pointparkproperties.com
Notes to editors:
About PointPark Properties
PointPark Properties (www.pointparkproperties.com) is an asset manager and developer of distribution facilities and is currently active in 8 European countries. As of October 01, 2009, PointPark Properties has agreements to manage over 1,5m m2 of assets in over 54 distribution buildings, and a land bank of 610,000 m2 for further development throughout Europe. The company expects to continue to grow its assets under management in 2010 in other key logistics markets across Europe.
The company was established in 2001 and has offices in Prague, Frankfurt, Luxembourg, Bratislava and Warsaw with a liaison office in Madrid. PointPark Properties’ objective is to build a world-class network of modern distribution facilities for its customers such as logistics service providers, distribution companies, light manufacturers and retailers.
PointPark Properties is wholly owned by Arcapita Industrial Management, the logistics warehouse investment management subsidiary of Arcapita Bank B.S.C.(c) (www.arcapita.com). Arcapita Bank is an international investment firm with offices in Bahrain, Atlanta, London and Singapore. To date, Arcapita has completed more than 70 transactions with an aggregate value of over $29 billion and has an equity capital base of $1.1 billion
About Europa Capital
Europa Capital is an independent real estate fund management group operating from offices across Europe. Since 1995, Europa Capital’s Principals have collectively raised 6 real estate funds and committed to over 60 transactions totalling some €6.0 billion across 17 European countries.
Europa Capital closed two new investment funds for European property investment in 2008 being Europa Fund III and Europa Emerging Europe which invests in Eastern Europe. Together, these funds give Europa Capital €895m of additional equity to invest.
The Europa Funds benefit from Europa Capital’s network of exclusive Country Partners, who co-invest in acquisitions made by the Europa Funds in their territory. Many of the Country Partners have worked closely with the Principals of Europa Capital during the last 20 years. Further information can be found at www.europacapital.com.
Europa Capital Partners Ltd and Europa Capital LLP are authorised and regulated by the Financial Services Authority.
For further press information please contact:
Finsbury PR on +44 (0) 20 7251 3801
