The new distribution center, covering 18,500 square meters, is 90% leased to corporate tenants operating in the sectors of e-commerce industry, manufacturing and retail business to business (b2b).
”A few years ago, we developed a different strategy from most logistics players. We debated what the future will look like – where and what type will be the next logistical needs in Bucharest. The data showed us that the potential is related to the North-West area, but not anyway: bespoke solutions for growing industries – from e-commerce to retail. They have extremely specific needs in terms of space, services, or availability of labor. We are convinced that the Buftea Chitila hub is the basis of the new interest area on the logistics map of the Bucharest metropolitan area. Moreover, its dynamics will increase exponentially, with the completion of the A0 – the new ring road of the Capital”, said Andrei Jerca, Managing Director, Element Industrial explains.
In addition to investments in the Buftea-Chitilea hub, Element Industrial is already one of the most dynamic players in the local logistics market: it has several ongoing projects located in Bacau, Ploiești and Braila. The company’s plan is to develop 500,000 square meters of logistic projects by the end of 2026. Moreover, all projects under the “ELI Parks” brand meet international class A standards, using modern concepts and technologies.
Element Industrial is one of the most dynamic players on the logistics space market, developing multiple projects under the Eli Parks brand. Element Industrial is a joint venture between Element Group, founded by Ionut Dumitrescu, and D Craig Real Estate, the real estate division of investment fund D Craig Holding, held by Sacha Dragic. Anca Damour is the CEO of D Craig Real Estate.