Element Industrial, a real estate developer focused on the industrial and logistics market, has received a building permit for ELI PARK 1.
“Sagex Construct has won the general contractor tender and is building the first phase of the logistic park, with a surface of 20,000 sqm. The facility will be delivered in the third trimester of 2019,” said Muler Onofrei, Managing Partner, Element Industrial.
ELI PARK 1 will total 45,000 sqm of warehouse and office space and will involve an investment of around 25 million euro. The logistic park is serviced by public transport and is conveniently located 4 km from the capital’s city ring road, the DN7, a four-lane national road. The main benefits are ease of access towards North and Central Bucharest as well as the immediate vicinity of Chitila/ Buftea, an area with significant labour availability.
The new project will be designed and executed following strictly class A international standards, with characteristics such as one loading bay for each 800 sqm of warehouse, generous 35 meters truck court and numerous parking places.