Managing Director, P3 Romania
P3 Romania total GLA:
6.5 mil. sqm
More than 15 years in real estate and trade advisory
Sinziana Pardhan has been Managing Director of P3 Romania, owned by GIC – GIC, Singapore’s sovereign wealth fund, since August 2017. She coordinates the operations of the company in Romania, a market considered by P3 as having great potential due to sustained economic development of the country and strong growth potential of the logistics and industrial segments. Pardhan leads a team of 11 people and oversees the activity of the most complex logistics park in Bucharest, P3 Bucharest A1, with the goal of constantly enhancing the value of the company’s assets and the services provided to its tenants.
With a rich experience in investments, acquisitions and sales, Sinziana Pardhan worked for 9 years for the real estate consultancy company Colliers. Prior to joining Colliers, she collaborated with SOPOLEC and the Romanian Green Building Council in Romania and carried out consulting projects with the US Department of Commerce (Central and Eastern European Business Information Center), the Council for Economic Competitiveness of the Dominican Republic and The Global Knowledge Partnership (Kuala Lumpur, Malaysia).
The past couple of years brought good results for P3 in Romania, both in terms of leasing activity and consolidation of the existing asset. The developer leased out a total surface of 325.000 sqm between Jan 2019 – Dec 2020, with approximately 220.000 sqm leased in 2020 alone. Mid 2019, the company started construction works to its multifunctional project comprising of a 212-beds hostel and a restaurant, while in the second half of 2020 it officially inaugurated the 400 sqm self-service restaurant and signed a collaboration agreement with the Regional Branch of Railway Transport for Passengers Bucharest (CFR Calatori), thus securing trains stops and ensuring access to the park via train.
“In 2021 we will continue to concentrate our efforts to strengthening P3 Bucharest A1 park’s positioning on the local market, with a strong focus on sustainability.
In this context, we are implementing a series of projects and processes towards achieving our ambitious sustainability goals: we are currently in the process of obtaining the BREEAM in-use certifications for all the 14-logistics buildings within the park and we have just inaugurated the first 2 charging stations for electric vehicles in the park.”
Locally, P3 owns and manages P3 Bucharest A1 logistic park, with over 380.000 sqm of storage space, freight and passenger rail terminals and its own self-service restaurant within the park perimeter.