Real estate developer Zacaria announced the expansion of Western Industrial Park in Oradea with a new warehouse of more than 6,300 sqm, already commissioned by a German tenant in the process of opening its first subsidiary in Romania.
Zacaria, with a portfolio of approximately 300,000 sqm of industrial warehouses and office space in multiple Romanian cities, announced the expansion of Western Industrial Park in Oradea over the next months. The future additional warehouse, covering more than 6.300 sqm, is already commissioned by a strategic foreign client in the electrical and electronic manufacturing industry. Following the construction of the new facility, Zacaria’s industrial park in Oradea will cover a total surface of 25,000 sqm of industrial warehouses and office space.
The new warehouse is designed and will be built entirely to the client's requirements and will cover 5,000 sqm of industrial space for production and storage and 1,300 sqm of office space. Construction works have begun this autumn and are expected to end in March 2018.
Western Industrial Park is located in the Western industrial area of Oradea, 9 kilometers from the Hungarian border. Positioned on a 50,000 sqm platform, the park was acquired in 2013 and was fully leased in a short amount of time.
“The demand for premium industrial spaces in Oradea maintains an ascending trend, thanks to its strategic position that offers a quick access to Central Europe. We are planning to expand our investment portfolio in this area, in the near future “, explained Emilia Țepeș, National Sales Manager for Zacaria.