BUCHAREST (Romania), February 4 (SeeNews) – Romanian construction and logistics development company Masterbuild said on Friday it is investing 20 million euro ($22.6 million) in a new logistics park near Bucharest.

The 16,000 sq m logistics park will be located north of Bucharest, in the Butimanu – Dambovita area, Masterbuild said in a press release.

Construction works will begin in the second half of this year. The project features photovoltaic panels and an extensive ultra-light green roof, which will help cut energy and maintenance costs by up to 30%.

“There is a growing demand on the market for the segment of refrigerated spaces and temperature-controlled storage spaces, and the area between Bucharest and Ploiesti, where the new logistics park is located, is very popular for agricultural businesses and for the food processing companies,” Masterbuild CEO Stefan Vayna said.

Masterbuild – General Contractor & Developer is a construction and logistics development company, active since 2005 in the construction of industrial facilities as well as commercial and residential projects. The company operates in Romania and in international markets.

($=0.8865 euro)

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