News Article industrial loan logistics OTP Ronania Sibiu warehouse
by Property Forum | Industrial

Hungarian lender OTP Bank has granted a RON 8.9 million lei (€1.8 million) loan to Romanian logistics operator Rara Invest. The company is using the funds for the expansion of its Sura Mica industrial park in Sibiu.

The new logistics centre will be added to the existing one and will consist of four storage units, with a combined area of 15,000 sqm, a capacity of 20,000 pallets and 23 ramps for loading and unloading trucks.

The loan is guaranteed by the state under the IMM Invest programme in support of small and medium-sized enterprises (SMEs).

Rara Invest is part of the Brasov-based RARA group alongside Rara Construct, Rara Consult and Rara Trip. The company operates three warehouses located in two industrial parks  in Sibiu, with a total storage area of 8,850 sqm and a capacity of 10,000 pallets.