Element Industrial completes first phase of project near Bucharest

Element Industrial has inaugurated the first phase of ELI Park 3 industrial project in Buftea-Chitila area, near Bucharest. The project covering 18,500 sqm has reached a leasing rate of 90 percent upon completion and houses operations of e-commerce, production and B2B retailers.

“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 of Element Industrial.

Aside from Bucharest, the project has several ongoing projects located in Bacău, Ploiești and Brăila. The company’s plan is to develop 500,000 sqm of logistic projects by the end of 2026.