Diana Vasile

Marketing Coordinator

+40 741 020 220

diana.vasile@cwechinox.com

Cushman & Wakefield Echinox: DPD leased 3,500 sq. m of warehouse spaces in VGP

Park Arad

Bucharest, August 2022: The DPD courier company continues its expansion in Romania by leasing

3,500 sq. m of warehouse spaces in the VGP Park Arad project, located near the A1 highway, a

transaction brokered by the industrial department of the Cushman & Wakefield Echinox real estate

consultancy company.

Cushman & Wakefield Echinox offered support for DPD in analyzing the options and choosing the

solution that meets the client's requirements, as well as negotiating the transaction’s commercial terms.

Ștefan Rădeanu, Director of Industrial Agency Cushman & Wakefield Echinox: “The courier market

growth is also reflected in the overall take-up pertaining to courier companies over the last two years, an

area with increased attractiveness both through the expansion of existing spaces and also through the

development of new hubs for regional distribution. This transaction lays the foundation for our long-term

partnership with DPD, as we have been able to identify the optimal solution, which best suits their

expansion plans, and which will materialize in other transactions in the near future.”

The new space is the 59th warehouse operated by DPD in Romania and it is part of the company's

strategy to quickly and efficiently serve clients across the country. The postal and courier services market

in Romania is one of the most dynamic industries both in terms of turnover and number of employees, as

a result of an increase of the e-commerce share in the total retail sales, and also of the diversification of

the products sold online.

Karla Codrea, CEO DPD Romania: “Each warehouse we open follows the company's strategy of

expansion and improvment of services that our clients benefit from. We thank our partners who

understood how important these aspects are for us and who provided us with an optimal space.”

Cristian Vlădescu, Commercial Manager VGP: "We are pleased to extend the partnership with DPD

and to welcome them to VGP Park Arad, in addition to the unit they already occupy in VGP Park

Timișoara. This demonstrates our project’s premium location and easy access to both the A1 highway

and the Arad city center. We would like to thank them for the confidence they have shown towards us and

we look forward to expanding this partnership in other VGP locations.”

Cushman & Wakefield Echinox is a leading real estate company on the local market and the exclusive

affiliate of Cushman & Wakefield in Romania, owned and operated independently, with a team of over 80

professionals and collaborators offering a full range of services to investors, developers, owners and

tenants. For more information, visit www.cwechinox.com

Cushman & Wakefield, one of the global leaders in commercial real estate services, with 50,000

employees in over 60 countries and $ 9.4 billion in revenue, provides asset and investment management

consulting services, capital markets, leasing, properties administration, tenant representation. For more

information, visit www.cushmanwakefield.com

DPD Romania is part of the DPD group, a European leader in road deliveries, and has been active on

the local market since 2008, after taking over Pegasus Courier. The courier company has more than 2000

employees (including franchises) and more than 18 million parcels delivered.

VGP is a pan-European developer, manager and owner of high quality semi-industrial and logistics

premises. VGP operates a fully integrated business model with long-standing capabilities and expertise

across the value chain. The company has a development land bank (owned or leased) of 11.28 million

m², and the strategic focus is on the development of business parks. Founded in 1998 as a Belgian family

real estate developer in the Czech Republic, VGP with a staff of around 360 employees, today operates

Diana Vasile

Marketing Coordinator

+40 741 020 220

diana.vasile@cwechinox.com

in 16 European countries directly and through several 50:50 joint ventures. As of December 2021, VGP's

gross asset value, including 100% joint ventures, was €5.75 billion and the company had a Net Asset

Value (EPRA NTA) of €2.33 billion. VGP is listed on Euronext Brussels (ISIN: BE0003878957). For more

information, please visit: http://www.vgpparks.eu