Lion’s Head has officially received a construction permit for its first logistics development in Romania – the Lion’s Head Logistics Park, to be located in Popesti-Leordeni, Bucharest.
Positioned between DNCB and the A0 ring road, and close to the A2 highway, the 85,000-square-meter logistics park will offer flexible spaces designed to support a wide range of storage and logistics operations. Construction will begin in the third quarter of this year.
Lion’s Head, a joint venture between AG Capital and Old Mutual Property, manages a property portfolio valued at over EUR 440 million, which includes the Oregon Park office complex in Bucharest. In 2024, the International Finance Corporation, part of the World Bank Group, invested EUR 150 million to support the company’s logistics developments in Romania and Bulgaria.
“This milestone marks not only our expansion into the logistics segment but also a deeper commitment to sustainable, scalable development in the CEE region,” said Lion’s Head, in a post on its LinkedIn page. “With support from the IFC, and a clear focus on innovation, green infrastructure, and tenant flexibility, Lion’s Head is shaping a future-ready platform for logistics across Romania and beyond. Romania is a key pillar in our regional growth strategy – and this project is just the beginning.”
“Securing the permit wasn’t fast or easy. It took time, tough interactions, and navigating a market full of unknowns,” said Alina Necula, Managing Director, Regional Developments of AG Capital Group Country Manager Romania, Lion’s Head. “But we made it through. This EUR 65 million development in Popesti-Leordeni marks a big milestone for us and for me personally. It’s the result of trust, resilience, and an incredible team that kept pushing forward, no matter the obstacles.”
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