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Element Industrial invests 25 million Euro for new industrial project in Bucharest

Element Industrial, a new real estate development company focusing on logistic projects, will develop a portfolio of industrial projects in Bucharest and Romania. The first is ELI PARK 1, to be built in two phases on a 10-hectare plot, on DN 7, in the North outskirts of Bucharest, Chitila area.

2018-06-06 10:45:17

"Element Industrial will develop class A logistic parks, strategically located. We have taken the decision to start this business on the premises of an increasing consumption determining the significant development of both e-commerce segment and FMCG companies", said Muler Onofrei, Managing Partner within Element Industrial.

ELI PARK 1 will total a 45,000 sqm lettable area of warehousing spaces and offices. The first phase of 20,000 sqm will be delivered in the second quarter of 2019. ELI PARK 1 is located 4 km from the Capital's City Ring Road, by DN7, a four-lane national road.

Muler Onofrei is one of the most experienced real estate industrial managers, with a presence of 16 years on the local market. Muler has coordinated the Industrial department within Eurisko and was the director of Romanian branches for developers such as ProLogis, Soravia or Panattoni.

Element Industrial was established by Ionut Dumitrescu, a Romanian businessman with a solid expertise on the local real estate market. Between 1997-2007 he developed consultancy company Eurisko, which was sold in February 2008 to CB Richard Ellis, the real estate worldwide leader.



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