Phoenix has been actively operating and trading in Romania since 1997. Since 2003, with the construction of their first Industrial Park in Domnesti in the south western outskirts of Bucharest, the group’s activities have mainly centred on the industrial real estate market and related services.
In 2005 Phoenix commenced the development of Mercury Logistics Park and joint ventured with Helios Properties UK, a major British industrial developer to form Helios Phoenix in order to undertake industrial developments across Central and Eastern Europe.
During the period 2006-2007 Helios Phoenix established joint ventures with GE Real Estate and Cal East Global Logistics for industrial developments in the Central and Eastern European region and agreed forward funding sales with CB Richard Elis in Eastern Germany and Heitman International in Romania.
In 2010 Phoenix acquired The Helios share of the Joint Venture thereby increasing its stake in Helios Phoenix to 90% and remains active in the Romanian Property Development Market progressing the various industrial and residential developments of the Joint Venture.
The group enjoys a good reputation for high quality developments and has been voted Best Industrial Developer in South Eastern Europe for the last two years consecutively by Europa Property magazine.
To control its operations, Phoenix is organised in independent Romanian companies which own the properties with Cypriot Holdings companies on top. The management however is centrally controlled by Phoenix as being the overall Project Manager of all the properties either wholly or partly owned.