Sagex Construct was selected as general contractor and will build the first phase of the project, which consists of 20,000 square meters, and is due for delivery in the third quarter of 2019.
Eli Park 1 will have a total lettable area of 45,000 sqm in storage spaces and offices.
Ionut Dumitrescu, co-founder of Element Industrial, is one of the most experienced local businessmen on the real estate market. In 1997-2007 he developed consultancy firm Eurisko, which was sold to CB Richard Ellis in 2008.