The park covers 4.4 hectares of land and was bought for EUR3.5 million from Comalim SA, a company owned by Cyprus-registered SIF Imobiliare Plc (91.2%) and other shareholders from Arad, according to data on the financial analysis platform Confidas.ro. In turn, SIF Imobiliare is majority-owned by SIF Banat-Crisana (SIF1.RO).
The property in Arad purchased by Transilvania Constructii includes two warehouses, storage and administrative buildings with a lettable area of over 16,000 square meters, all of which are to be upgraded by the new owner. The land has access to the E68 European road, which connects Arad to Nadlac, and its location near the A1 motorway ensures connections with other cities in the country and abroad.
“The acquired property serves more than 30 tenants working in various sectors,” said Andrei Timofte, general manager of Transilvania Constructii S.A.
Transilvania Constructii, which posted RON56 million revenue in 2021, is a Cluj-Napoca-based company controlled by Andrei-Iancu Timofte (59%) and Mircea Timofte (36%), according to data from the Bucharest Stock Exchange, where the company was listed until 2020.
(English version by Loredana Fratila-Cristescu)