7m euro warehouses in SE Bucharest

Elcyrom Realty & Development SA has invested 7 million euros in a centre to store and distribute merchandise located in SE Bucharest, namely the Apollo Center. “The north and west of the city used to be the industrial space investment locations of choice. Such projects will soon be developed in other areas of the city, with the eastern area particularly targeted, since it is closer to Constanta,” says Constantin Banu, head of Eurisko real estate company’s industrial space department. The project, located somewhere close to the Policolor plant and several hundred metres away from the Bucharest-Constanta highway, is currently under construction. “The eastern area is a strongly industrialised region, as a number of industrial companies operate here, such as Policolor and Acumulatorul. Unfortunately, some of the space available cannot be converted as it does not meet the present day requirements,” Banu added. The first stage of the Apollo Center project, which ended with the construction of 2,400 sqm of storage space and 700 sqm of office space, was completed in November 2001, with Elgeka distribution company acting as tenant. ZF