Element Industrial has completed the first phase of the Eli Park 1 logistics park in Chitila, northwest of Bucharest. The 20,000 sqm warehouse is leased to appliance producer Arctic, part of Turkish group Arcelik.
“Our target is to become one of the top five developers of logistics parks on the Romanian market,” said Muler Onofrei, CEO & Co-founder Element Industrial.
Element Industrial’s development pipeline includes 300,000 sqm of industrial space, to be developed over the next three years. The list of projects includes two parks in Bucharest, one in Craiova, one in Târgoviște and one in Timișoara-
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