PointPark Properties (P3) has signed an agreement with European real estate investment manager Europa Capital to provide transactional and development services for Europa Capital's logistics and industrial project in Cluj, Romania.

The project, which will be rebranded as PointPark Cluj, stretches across 54 ha of land and will provide up to 204,000 m2 of Class A distribution and industrial space on completion. The park is located in Cluj county, in the North-West of Romania, a strategic industrial and transit area.

'We are delighted to be working with Europa Capital to provide key services for them on a very exciting project,' said Craig Maguire, country manager of P3 Poland. He added: 'As a result of this project we will open a new office in Romania and look to grow further in the country.'

The two companies have partnered in the past for the development of the NorthPoint and SouthPoint projects in Prague, Czech Republic.

Founded in 1995, Europa Capital is an independent real estate fund management group with EUR 895 mln of equity to invest at present. In 2008 the company closed two new investment funds, Europa Fund III and Europa Emerging Europe.