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Construction works of Eli Park 1 kick off in a EUR 25 M investment

Element Industrial logistics&industrial real estate developer has announced it has received the building permit for ELI PARK 1 and has started the construction works.

“Sagex Construct has won the general contractor tender and is building the first phase of the logistic park, with a surface of 20,000 sq. m. The facility will be delivered in the third trimester of 2019”, said Muler Onofrei, Managing Partner, Element Industrial.

ELI PARK 1 will total a 45,000 sq. m. lettable area of warehousing spaces and offices and will involve an investment of EUR 25 million. The logistic park is serviced by public transport means and is conveniently located 4 km from the Capital’s City Ring Road, by 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 labor availability, unlike the older logistic areas such as A1 – km 14 or 23.

The new project will be designed and executed following strictly class A international standards, with characteristics such as one loading bay for each 800 sq. m. of warehouse, generous 35 meters truck court and numerous parking places.

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