“GE Real Estate people are very strict. We often send them photos with the works at the three projects that we are developing. They are stressed,” Helios Phoenix Leasing Director, Leslie Warren, told Business Standard.
The company is currently developing three industrial parks in the cities of Brasov and Timisoara and in the village of Chiajna, near Bucharest. The first stage of the Brasov project, with a 48,000 sqm area, will be finalized this year. The first stage of the Timisoara project, with a 90,000 sqm area, and the Chiajna one, with a 27,000 sqm built area, will be finalized in December 2009. The company owns two plots in the cities of Constanta and Cluj-Napoca, where projects are also to be developed later. “We have 50 hectares of land where we can develop 250,000 sqm of industial construction. We paid an average €35 per sqm. The partnership was signed for five years, with the possibility of extention,” Warren said.
