Element Industrial Founder Ionuț Dumitrescu and Sacha Dragic, the Founder of Superbet Group, have launched a new joint venture in the industrial and logistics sector. The development company will be formed through the association of ELI and D Craig Real Estate, the property division of D Craig Holding, controlled by Sacha Dragic. Anca Damour has been named CEO of D Craig Real Estate.
The JV has an initial investment budget of €90 million with plans to develop 500,000 sqm of industrial projects in the next four years.
At present, Element Industrial is developing industrial projects in smaller cities of the likes of Ploiești, Pitești and Brăila.
Dragic has a diversified investment portfolio which includes stakes in financial and agricultural firms. The entrepreneur also owns a venture capital fund.
