ARTICLES LABELLED WITH TAG Craiova

Element Industrial announced the development of a 60,000 sqm logistics park in the Romanian city of Craiova. The company will build the €35 million industrial project on an 11-hectare plot of land, near the south ring road of the city, with direct access to the E70 road. The developer plans to deliver ELI PARK Craiova in three phases.

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.

French real estate group Catinvest plans to expand Electroputere Parc, the company’s shopping mall in Craiova, by 9,200 sqm. The group has also started the construction of an additional mixed-use building which will comprise 12,000 sqm of retail space, 15,000 sqm of Class A office space and over 700 underground parking spaces. Total investment in will exceed €70 million by the end of 2018.

The construction works on the new business park in Craiova are ongoing and the first 10,000 sqm of industrial space will be delivered by the end of the year, Romanian real estate developer Zacaria announced. Southern Industrial Park will comprise 43,000 sqm of Class A industrial space, fully equipped for activities such as storage, logistics, cross-docking or manufacturing.