Diehl Aviation has officially opened a new production facility in Craiova, Romania, at a site developed by Global Vision.
Global Vision managed the development of the project, including negotiating and signing the long-term lease agreement with Diehl Aviation, overseeing construction from the shell-and-core phase through to the interior fit-out, and arranging the project’s financing.
To support the development, Global Vision Investment Fund (GVIF) secured a €12.7 million financing package from Banca Comercială Română (BCR), comprising a development loan and an additional top-up facility. The project also includes a rooftop photovoltaic system designed to reduce energy costs and support the tenant’s sustainability objectives.
Sorin Preda, Founder and CEO of Global Vision, said the investment reflects the company’s focus on developing long-term industrial assets for established occupiers. He added that Diehl Aviation’s new facility strengthens the company’s industrial portfolio while contributing to Romania’s manufacturing sector.
The facility is located within Craiova Business Park and provides approximately 12,000 sqm of space on a 33,500 sqm site, including 2,500 sqm of Class A office accommodation. The plant will manufacture components for commercial aircraft programmes.