PM Group, manufacturer and distributor of technical products and accessories for heat-insulating carpentry, part of the Turkish group PM, expands its activity on the Romanian market with a new distribution center of 2,200 sqm. at ELI Park 3.
Sacha Dragic, the founder of Superbet, and Ionuţ Dumitrescu, the founder of Element Industrial, will sign a partnership for the development of the ELI Parks logistics park network. Anca Damour is also involved in the project, having 19 years of experience in the real estate and retail area. The association is subject to the authorization of the Competition Council.
Fortress, one of South Africa’s largest real estate investment trusts (REITs), has reached an agreement with Element Industrial and Paval Holding to sign an agreement to acquire ELI Park 1, a Class A industrial development in North, the latest logistics hub North-West of Bucharest, Buftea – Chitila, making it their first logistics acquisition in Romania.
Shoe e-commerce retailer Kalapod and NOVOMATIC, one of the best-known gaming companies in the field of gambling, recently joined the Eli Park 1 community in the Buftea-Chitila area, where they rented over 7,000 sq m of class A warehouses to expand their storage capacity in the vicinity of Bucharest.
Element Group recently made a strategic acquisition in the vicinity of the Bucharest-Pitesti highway, where the developer intends to build a new logistics park of class A, under the Element Industrial brand.
Element Industrial announces the appointment of Andrei Jerca as Managing Director of the company. A professional with 14 years of experience in the real estate industry, Andrei has worked for companies such as Europolis, CA IMMO, P3 or CBRE, being involved throughout his career both in the management of a portfolio of 300,000 sqm of logistics space and in the development series of logistics and industrial projects, amounting to 200,000 sqm.
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