Eli Park 1 obtains building permit

01/16/2019

Element Industrial, the real estate developer focused on industrial and logistic
segment, announced it has received the building permit for ELI PARK 1 and has
started the construction works.

“Sagex Construct has won the general contractor tender and is building the first
phase of the logistic park, with a surface of 20,000 sq. m. The facility will be
delivered in the third trimester of 2019”, said Muler Onofrei, Managing Partner,
Element Industrial.

ELI PARK 1 will total a 45,000 sq. m. lettable area of warehousing spaces and
offices and will involve an investment of 25 million EUR. The logistic park is
serviced by public transport means and is conveniently located 4 km from the
Capital’s City Ring Road, by DN7, a four-lane national road. The main benefits are
ease of access towards North and Central Bucharest as well as the immediate
vicinity of Chitila/ Buftea, an area with significant labor availability, unlike the
older logistic areas such as A1 – km 14 or 23.

The new project will be designed and executed following strictly class A
international standards, with characteristics such as one loading bay for each 800
sq. m. of warehouse, generous 35 meters truck court and numerous parking
places.