Elster leases 7,000 sqm in Globalworth’s Timisoara Airport ParK

Newsroom 05/12/2014 | 15:35

Elster Rometrics, part of German group Elster, has leased 7,000 sqm in the Timisoara Airport Park industrial park owned by Globalworth, according to Mediafax. Globalworth is investing EUR 5 million in the 7,000 sqm which will be delivered in the third quarter of 2015.

The contract has been signed for a 10-year period and it includes the option of expanding the leased surface by 4,000 sqm.

Timisoara Airport Park is only partially developed. It hosts auto companies Valeo (27,474 sqm) and Continental which will move in next March (45,360 sqm). Both companies have the option to develop additional facilities in the property.

When completed, the industrial park will feature a total of 124,000 sqm of light industrial/office space, making it one of the largest in the country.

Globalworth Real Estate Investments is controlled by Greek businessman Ioannis Papalekas. The company’s real estate portfolio comprises of properties totaling over 450,000 sqm (GLA). This includes office projects such as City Offices, BOB, BOC, Upground Towers and Herastrau 1, all in Bucharest.

Simona Bazavan

BR Magazine | Latest Issue

Download PDF or read online: October 2022 Issue | Business Review Magazine

The October 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Globalworth Successfully Addressing Market Challenges From a Position
Newsroom | 26/10/2022 | 17:53

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue