Real estate developer Element Industrial announces a new project in its portfolio, ELI Park Braila, a total investment of over 25 million EUR. The logistic scheme is localized on an 11-hectares plot in Braila Free Zone. Element Industrial plans here the development of a 50.000 sqm GLA logistic park in 3 phases.
“We have recently received the building permit for the first phase of 10.000 sqm, an excellent option for distribution, production or logistics, with direct access to E584”, said Andrei Jerca, Managing Director, Element Industrial, also adding: “Braila has all the advantages a business needs: positioning in the road-naval junction, labor force, the opening given by the bridge over the Danube and, last but not least, local authorities that make every effort to attract investors in the area.”
ELI Park Braila Logistic Park is to be built according to class A standards and for the future phases the developer also targets “built to suit” constructions.
Element Industrial is one of the most active Romanian developers on the logistics market. The developer is working on a series of projects under the ELI Parks brand, logistics parks with areas between 50-60.000 sqm in Bucharest, Bacau, Braila or Ploiesti, as well as warehouses with smaller areas, grouped under the name ELI Xpress in cities such as Bucharest, or Pitesti. The developer also offers an integrated package of built to suit services for production and storage facilities, starting from the identification of the lands suitable for such developments, authorization, design and delivery according to the specific requirements for each project.