OTP Bank Romania financed the first private industrial park in Craiova, Southern Industrial Park, being the first investment of Zacaria company in the south of the country.
The total investment in the project is EUR 28 million. Southern Industrial Park has a total area of 53,000 square meters of Class A industrial spaces, fully equipped for storage, logistics, cross-docking or production activities.
“Southern Industrial Park is one of Zacaria’s most important investments and was also a winning bet, attracting investors from abroad just a few months after the start of the first development phase. One of our strengths was the strategic partnership with OTP Bank Romania, a trusted partner, who timely covered our funding needs for this large project. Beyond the obvious economic advantages for the community, we are also delighted to have given back to the urban space an abandoned industrial area“, said Radu Suciu, CFO Zacaria.
“We are delighted to have had the opportunity to fund a representative project for the southern area of the country. We believe in the potential of the Craiova market and we are glad to be partners in the construction of this project that can contribute to the sustainable development of the local economy“, said Dragos Mirica, Deputy CEO of OTP Bank Romania.
Southern Industrial Park quickly attracted large logistics and production companies, being the only private industrial park in Craiova that offers Class A industrial spaces and also the largest in the area. The work started last year and developed in a sustained pace, being driven by the high demand from investors.
Southern Industrial Park will have, in the final stage, three buildings, the first two being 80% completed and 75% leased.
The park was acquired in 2015 and occupies a total area of 130,000 square meters. Located next to the Ford factory, on Henry Ford Street, it offers fast access to Pitesti, Bucharest and the borders with Bulgaria and Serbia.
Zacaria started its activity in Sibiu, in 2005, expanding its investments gradually throughout Romania. Today, the company has real estate investments in Sibiu, Bucharest, Oradea, Alba Iulia, Arad and Craiova.
OTP Bank Romania, subsidiary of OTP Bank, the largest independent banking group in Central and Eastern Europe, is an integrated and self-funded provider of financial services. With an approach based on responsibility, commitment and professionalism, OTP Bank Romania understands its clients’ needs and the current market context, being a reliable partner in the area of financial services.