“The potential we see in the logistics and industrial market, on the next economic cycle, is 2.5-3 million sqm in development. Element Industrial started a new project in Buftea, ELI Park 3 of another 18,000 sqm and we have in different stages of authorization another 44,000 sqm, and by the end of the year we will cross the threshold of 100,000 sqm of warehouses developed by Element Industrial “, said Andrei Jerca, managing director of Element Industrial.
The company’s next step is to expand nationwide and acquire new land. “Besides Bucharest which is the anchor, we look also over the country. We look at Bacău, where we are working on a 24,000 sqm project, we look at Brăila, we believe a lot in the Brăila-Galaţi area as a development area and especially in the logistics part, where we are working on a 10,000 sqm”, added Andrei Jerca.
