Bucharest, December 15th, 2015.
AIC International & Logistic Development will develop and deliver for Fashion Days on a built-to-suit lease arrangement a total of more than 13,700 sqm of class A warehousing space that will allow Fashion Days to meet the demand of its expanding operations over the medium terms.
Vabeld Group, through its Romanian subsidiary Varoed, will provide funding and long term holding of this project.
Two warehouses will be built by AIC - one with a total built surface of 7,289 sqm, due in April 2016 and a second one with a 6,425 sqm, to be completed in May 2016. Both buildings are divided into an office area and a warehouse area and will include external platforms for access and parking.
The two spaces are located within A1 Business Park - a reference amongst the industrial and logistic centers, situated on Km 13 of the Bucharest-Pitesti motorway on a 70-hectare plot with more than 100,000 built sqm and a complete infrastructure ready to support modern industrial and logistic operations. A special attention is being paid by AIC to the construction so as to meet the highest standards in terms of quality and environmental care.
«Our top level expertise in the industrial and real estate sector recommends us as the partner of choice for important projects. The collaboration with Fashion Days, a prestigious online fashion retailer in Romania is a source of pride for us and we are committed to deliver only the very best, as we do for each of our clients. We take the opportunity to thank Varoed for the valuable support in developing this project» said Stefano Albarosa, CEO AIC Industrial & Logistic Development.
“The Fashion Days project demonstrates AIC and Varoed’s capability to deliver tailor made logistic facilities, adapted to rapidly changing logistic demand in a rapidly changing commercial environment.“ Kristof Haentjens, representative of Vabeld Group.
Fashion Days' flourishing business called for an increased warehousing capacity so they decided to look for a partner in the logistic real estate sector.
«Fashion Days' new business model involves a larger stock of products coming from new collections, a shorter delivery time and a greater diversity for our customers. For the moment, the selection we provide to our customers counts 500,000 items, but we are looking at increasing this number. To implement these changes, new warehousing premises were needed» stated Răzvan Predica, CEO Fashion Days.
«The warehouses we have in Romania accommodate the entire Fashion Days stock. From here we deliver to every other market we are present in» adds Predica.
Vabelda/Vabeldi/Vabeldo Ltd. (www.vabeld.eu) are Belgian real estate holdings consisting of a group of property investment companies with more than 30 years of experience in purchasing, letting and (re)developing retail properties, both city center stores and out-of-town retail parks mainly in Belgium, France, the U.K., Brazil and recently Germany, Slovakia and Romania. The Vabeld Group is closely related to the Euro Shop retail chain (www.euroshop.be), which has a + € 100 million annual turnover and employs 450 people. Both Euro Shop and Vabeld are 100% family owned. Portfolio size: Belgium: € 475 million; France: € 75 million (estimate); UK: € 60 million, Brazil: € 55 million
About Fashion Days
Fashion Days is the number 1 fashion destination offering a vast choice of original products from world-known brands and the latest collections and trends in women’s wear, menswear, children’s wear, footwear, sportswear, and accessories, with fast delivery. The company’s portfolio includes only authentic products selected directly from the official suppliers of world-known brands, such as Calvin Klein, Love Moschino, Just Cavalli, United Colors of Benetton, Pepe Jeans, Nike, Puma, Converse, Desigual, Vero Moda, Guess, Mango and many others.
Started in Switzerland in 2009, Fashion Days quickly grew, currently operating in Bulgaria, Hungary, and Romania. Since 2011, it is part of the global digital and media group Naspers, which fuels more innovative ideas and consumer benefits. With its more than 4 million customers and 1,6 million Facebook fans, Fashion Days proves to be the heart of the fashion community in the region, transforming online shopping into an entirely new experience.