The fund was to invest EUR 34 million to see the project completed. Europolis is also owner of Cefin Logistics Park on the Bucharest-Pitesti highway.
Cefin Real Estate has partnered investment fund Valad, formerly known as Teesland iOG, in building five to seven industrial parks in cities with over 100,000 inhabitants, with an average investment per project of EUR 70 million. The two companies have formed a joint venture, called Cheuro, to carry out the developments. Cheuro will also be in charge of building the twosome's first project, the A1 Business Park project, purchased by the investment fund last year for EUR 70 million.