The value of the deal has not been disclosed.
The project is partly developed and includes nearly 60 hectares of land available for further development. Colliers International advised on the transaction and Moroianu & Asociatii provided legal assistance to the buyer.
“Located near the heart of the country, Turda is an ideal location for industrial and logistics investments and we are eager to develop this project. We plan to start construction immediately on 20,000 square meters of class A logistical storage space and a 5,000 sqm expansion for an existing tenant. Considering the large land area available, we are looking for development opportunities are we are in talks with several interested parties,” said Stefano Albarosa, partner Afin Holding.
Afin Holding entered Romania in 1995 and currently owns several companies in the automotive, real estate and industrial sectors.
Its real estate division, AIC RE, is one of the main developers of industrial and logistics projects, with a portfolio exceeding 800,000 sqm built, leased and sold to several strategic investors.
The holding has over 500 employees in Romania.