Globalworth starts work on €200 million business hub in south-eastern Romania – EuropaProperty

Globalworth Industrial, the industrial and logistics arm of real estate developer Globalworth, has started work on Constanța Business Park – one of the largest mixed-use projects in Romania, aimed at becoming “the best location for the development of supply chain operations” and “the largest business hub in the Eastern and South-Eastern region of Romania” thanks to its strategic position and the €200 million investment.

The business park will be developed on a plot of about 100 hectares near Constanta, and will include industrial and logistics spaces, production spaces, an intermodal hub, office buildings and service spaces, as well as a hotel and strip mall.

The development of Constanța Business Park is set to run from 2019 to 2024, in several stages, and will result in the delivery of a total leasable area of 550,000 sqm.

The first phase will consist of a 21,000 sqm warehouse as well as the infrastructure for the whole project.