Romanian developer Zacaria Group will invest €28 million in a business park in the city of Craiova. OTP Bank Romania will provide financing for the 53,000 sqm project.
Southern Industrial Park will cover an area of 53,000 sqm of Class A industrial space, fully equipped for activities such as storage, logistics, cross-docking or manufacturing, OTP Bank said in a press release. Works on the project, consisting of three buildings, started last year.
Southern Industrial Park is Zacaria’s first investment in Southern Romania and comes as a response to increasing demand for premium industrial spaces in the area.
"We are delighted that we have had the opportunity to fund a representative project for the southern area of the country. We believe in the potential of the Craiova market and we are glad to be partners in the construction of this project that can contribute to the sustainable development of the local economy," said Dragos Mirica, Corporate Vice President of OTP Bank Romania.
Located next to the Ford Motor production facility in Craiova, the park provides quick access to the main roads leading to Pitesti, Bucharest and the borders with Bulgaria and Serbia.