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Element Group acquired a new plot in Pitesti, for a logistic development

Element Group announces the acquisition of a new land of 2.7 hectares, near Pitești, in the immediate vicinity of the A1 highway.

The group is one of the most active local developers, with active investments in the office, retail and logistics & industrial segments.

The positioning of the land near an existing retail hub, Jupiter City, Metro and Arabesque Pitești, determined us to add it to the group’s portfolio, for a future proximity logistic development, explains Ionuț Bordei, CEO of Element Group.

Founded by Ionuț Dumitrescu, the group is one of the shareholders of One United’s office division.

It develops retail parks such as Bistrița Retail Park under Element Development brand, and a series of logistics parks in Bucharest and other cities in Romania under Element Industrial brand.