The first stage entailed the development of 20,000 sqm of storage, which has been leased to household appliance manufacturer Arctic.
“Our goal is to be one of the top five developers of logistics parks on the Romanian market,” said Muler Onofrei, CEO and co-founder of Element Industrial.
He added the company was working on concepts for two new logistics parks in Bucharest, ELI PARK 4 in Craiova, ELI PARK 5 in Targoviste, and ELI PARK 6 in Timisoara, totaling 300,000 sqm on the pipeline for the next three years.
ELI PARK 1 will have a lettable area of 50,000 sqm and the second stage, consisting of 30,000 sqm, is set for delivery in spring 2020. The logistics park has access to public transportation and is located 4 km from the Bucharest ring road. The project is financed by Unicredit Bank.