Romanian entrepreneurs Dragos and Adrian Paval, the owners of local DIY retail chain Dedeman, continue their collaboration with local investor Ionut Dumitrescu. The three investors will develop a logistics park near Bacau after they initially collaborated to build the ELI Park 1 logistics park near Bucharest.
The company Paval Holding, owned by Dragos and Adrian Paval, took over 80% of Eli 6 Industrial, the investment vehicle set up by Ionut Dumitrescu for developing the logistics park in Bacau.
"The project will have about 65,000 sqm because we have a land of 13 hectares. We have not yet decided when the works will start. The situation created by the pandemic does not affect our decisions, because the industrial [real estate] sector is the least affected," Ionut Dumitrescu told Profit.ro.
The development cost of this project is about EUR 25-30 million.
The Paval brothers started their partnership with Ionut Dumitrescu in August 2019, when they took over 70% of the company that develops the Eli Park 1 logistics park, located in the Chitila-Buftea area, north of Bucharest. Among the tenants of this project are Arctic and Easter Baneasa.
(Photo source: Pixabay.com)
Romanian investors Dragoș and Adrian Pavăl, the owners of a business group having at its core the largest local DIY...