Timișoara Airport Park is a planned logistic park in Timișoara, Western Romania. The city has 330.000 inhabitants, and is thus the third largest city in Romania. There is already a strong settlement of foreign companies regionally.
The logistic halls are planned to be built in a flexible three stage construction process (stages 1-3). The rental areas of the first construction stage are 36 000 m² for logistic area and 7 000 m² for office area. The first stage will be followed by two logistic halls in construction stages 2-3 with each 22 000 m² logistic area, 4 250 m² office area and a plain, three-storied office building with 3 800 m² rental area (construction stage 4).
The site of the Airport Park is close to Timișoara airport and directly at the four lane city ring road (under construction) and close to the planned four lane highway Hungary - Bucharest. The planning for the motorway Hungary - Timișoara - central Romania - Bucharest is not yet completely finished. Alternative 1 envisages an approach in a distance of 900m to the western end of the location. Alternative 2 envisages an approach in a distance of 5 km. The completion of the motorway in this sector is planned for 2013. The terminal of the international airport Timișoara Traian Vuia is located 2,6 km away from the western end of the location. After completion of the ring road next year the approximated time of travel is 6 minutes.
In September 2007, the regional council certified the PUZ (urbanistic plan) for the project. The logistic halls are planned to be built in a flexible three stage construction process (stages 1-3). The rental areas of the first construction stage are 36 000 m² for logistic area and 7 000 m² for office area. The first stage will be followed by two logistic halls in construction stages 2-3 with each 22 000 m² logistic area, 4 250 m² office area and a plain, three-storied office building with 3 800 m² rental area (construction stage 4).
The results of the real estate acquisitions flow of the Greek businessman Ioannis Papalekas in Romania started to show. The operational revenue of Globalworth, its real estate vehicle (the businessman owns 36.1 pct of it), went up to EUR 33.8 million in the end of September, growing with 68 pct. compared to the same period of last year.
Elster Rometrics, part of German group Elster, has leased 7,000 sqm in the Timisoara Airport Park industrial park owned by Globalworth, according to Mediafax. Globalworth is investing EUR 5 million in the 7,000 sqm which will be delivered in the third quarter of 2015.
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