Investments revolve around EUR4 million, with the new building set to be delivered by late February 2022.
“From an industrial point of view, our development strategy spans another five-six years as the remaining capacity of our industrial park can accommodate another 18,000 square metres,” says Adriana Cioca, Artemis manager for Romania.
In 2020, the group rented out the second building of the park by attracting two companies. The park also includes a 4,000-sqm building completed in 2017 and rented out.
Beside the industrial projects, Artemis also conceived the master plan of a housing project in central Timisoara, set to include over 400 apartments. Investments will reach EUR100 million.
Artemis entered Romania in 2008, by investing in land plots around Timisoara. It started developing logistics projects on these plots four years ago.
The group is also present in Romania via Franke, a home appliances manufacturer.
(English version by Catalina Apostoiu)