Previously, the company was part of the portfolio of ELI Parks/Element Industrial, under the name of ELI 4 Craiova.
Paval brothers have teamed up before with Ionut Dumitrescu, founder of Element Industrial, in ELI Park 1 project of Chitila, which was subsequently sold to South Africa’s Fortress, but also in a project in Bacau, which Dedeman founders exited, though.
ELI Parks’ portfolio of logistic and industrial spaces now amounts to 118,000 square meters. ELI Parks aims to expand it to 500,000 square meters by end-2027.
(English version by Catalina Apostoiu)