Panattoni Europe, following in the footsteps of success in Poland, Czech Republic and Germany, has decided to expand into other European markets. The developer has opened another office - in Bucharest, Romania. Initially, the company will focus on developing build-to-suit (BTS) investments, but is also planning to create its own multi-tenant logistics centre near Bucharest.
Panattoni Europe's decision to enter the Romanian market was motivated by the country's great potential. The Romanian economy has been improving steadily, according to the European Commission. The newly opened Bucharest branch is headed by Managing Director, Muler Onfrei, who has thirteen years of experience in the investment and real estate sector.