Urbano Parks invests 14 mln euro in logistics park

Romanian real estate investment group Urbano Parks said it is investing 14 million euro ($15.2 million) in a logistics park located in Romania’s northwestern city of Cluj-Napoca, according to SeeNews.com.

The Urbano Cluj Vest logistics park is expected to be completed by the end of this year and will cover an area of 24,500 sq m, Urbano Parks said in a press release.

Some of its first tenants will be Austrian-owned companies Englmayer and Schuller Eh`Klar, which rented over 4,500 sq m for offices, technical, sanitary and storage spaces, thus facilitating jobs for 45 employees.

The park is located near the Gilau node on the Transylvania highway, 15 km away from Avram Iancu International Airport.

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