Independenta Sibiu, a company controlled by Transilvania Investments, completed the first phase of the rehabilitation of industrial premises

Independenta Sibiu, a company controlled by Transilvania Investments, invested 1.5 million euros in the first phase of the industrial premises rehabilitation project on the platform, according to an announcement by the alternative investment fund based in Braşov.

The final goal of the project is the reintegration of the old production halls into the economic and social circuit of Sibiu, the basis from which a new, larger project to develop a hub in this key point in the economic geography of our country will start.

According to Transi's announcement, two of the three halls located on the platform in the South-West area of Sibiu, just 500 meters from the highway entrance, have undergone repair and modernization works, with a total of 40,000 square meters being rehabilitated. The final layout was established to ensure a mix of utility. Thus, for the spaces intended for production and storage activities, the old industrial-type utilities (e.g. drawbridges) were preserved, and for those that host community activities (gym and climbing esplanade), the structure and interior design were rethought . Currently, 74% of the renovated halls are rented.

According to the document, the investments allowed the increase in rental income, which means resources for the next step, namely the rehabilitation of the third hall on the platform, a much more complex work. In the long term, the development strategy of the Independenta platform also includes the construction from scratch of a fourth hall, located on the currently unoccupied ten hectares of land, as well as the equipping of the already existing spaces with eco-friendly technologies.

Radu Roşca, executive president of Transilvania Investments, said: "The strategic positioning of the platform and the fact that, in the same location, business, production, logistics or leisure centers can be found, support our vision to develop a hub where residents to have access to opportunities for the accelerated growth of their own business".

Transilvania Investments is listed on the Bucharest Stock Exchange, currently having a valuation of around 690 million lei.