Element Industrial announces the appointment of Andrei Jerca as Managing Director of the company. Prior to this position, Jerca was Head of Industrial Services within CBRE Romania.
He replaces Muler Onofrei, who was recently recruited by CBRE. Jerca has 14 years of experience in the real estate industry and has worked for Europolis, CA IMMO, and P3.
"I accepted the challenge to lead the development of Element Industrial, continuing the expansion started in the Buftea-Chitila area, as well as in other key cities in Romania ", said Andrei Jerca, adding" The pandemic created new opportunities on the logistics market, in the context of accelerating and the growth of the e-commerce market. Through the diversity of products in the Element Industrial portfolio, we aim to be a flexible partner for logistics space tenants in Romania.
Element Industrial is developing a logistics hub in the Buftea-Chitila area, where it delivered a 50,000 sqm park, bought by Fortress REIT for €30 million.
Recently, the developer announced an investment of €37 million in ELI Park 3, which will have 72,000 sqm at completion. At the same time, the company purchased a series of lands in several key areas of the country, where it intends to develop class A logistics parks: Brăila, Craiova, Pitești, or Ploiești being just a few examples.
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