News Article Andrei Jerca D Craig Real Estate Element Group ELI Parks industrial Oradea Romania
by Property Forum | Industrial

ELI Parks, the network developed by Element Group and D Craig Real Estate, will kick off a new logistics and industrial project in Oradea. The companies will invest €22 million in the new park that will have a leasable area of 30,000 sqm. 

For the first phase of the 10,000 sqm unit, the building permit was obtained, and the works will start by this summer at the latest. 

The project will target production and logistics companies. 

"In recent years, Oradea has become one of the main regional centers with high economic potential, thanks to a Western vision of the authorities. The transparent, pro-business attitude contributed to attracting large investors and led us to add Oradea to the ELI Parks development map," said Andrei Jerca, Managing Director of ELI Parks. 

Before the Oradea project, the company has kicked off industrial developments in Ploiești and Bucharest.