OTP Bank Romania financed the first private industrial park in Craiova, Southern Romania.

The project, called Southern Industrial Park, was developed by Maltese group Zacaria with a EUR 28 million investment. It includes 53,000 sqm of Class A industrial spaces, fully equipped for storing, logistics, cross-docking and production.

The park will have three buildings, the first two of which are 80% completed and 75% leased, according to the developer.

Zacaria bought this park in 2015. It has a total area of 130,000 sqm and is located next to the Ford factory in Craiova.

Zacaria started its activity in Sibiu, in 2005. It started as a residential developer but then expanded into industrial development. It currently has a portfolio of 10 industrial parks and offices with a total area of over 450,000 sqm.

editor@romania-insider.com