Element Industrial secures new tenants in Bucharest

30
Jul
2020
News - Element Industrial secures new tenants in Bucharest #Bucharest #Element Industrial #industrial #lease #logistics #Romania

by Property Forum | Industrial

Element Industrial announced four new tenants for the recently delivered second phase of Eli Park 1. Euro Games Technology Romania, a company active in the production and distribution of a wide range of products in the gaming industry, Mobilier 1, online home & deco retailer, Decor Floor, a leader in commercial and residential floors and Dentotal, the market leader in the distribution of dentistry products rented over 10,000 sqm in Eli Park 1, the logistics park developed by Element Industrial in the Buftea Chitila area.


"We are pleased that Eli Park 1 meets the requirements of a wide range of end-users of various sizes and operating in different industries," says Muler Onofrei, CEO & Co-Founder, Element Industrial. "The location, being in an area that provides quick access to the centre of Bucharest and the Class A facilities of the park were the decisive elements for the decision to lease.”

The logistics project is served by several public transport lines and is located at a distance of 4 km from the Bucharest ring road, with direct access to a four-lane national road, DN 7. Arctic has established its distribution centre in the first phase of Eli Park 1, occupying an area of 20,000 sqm. The main advantages of the development are easy access to the north and centre of Bucharest and the general location in an area with a surplus of labour (Chitila / Buftea).

Eli Park 1 is developed as a partnership between Element Industrial and the Dedeman group in the Chitila-Buftea area, which is foreshadowed as the new local logistics hub of the Capital.




Latest news


New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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