INVESTMENT NEWS
Cordeel is Building a Logistics Centrе for Distributor Orbico with an Investment of EUR 26.5M
The construction company Cordeel Bulgaria, a local unit of the Belgium-based Cordeel Group, has begun the construction of a modern office and logistics centre for the distributor Orbico Bulgaria, part of the Croatian Orbico Group. The investment is EUR 26.5 million and 500 staff will work in the centre after it is complete.
The logistics base will include offices and warehouses with a total area of 57,000 sq m. It is located near Botevgradsko Shosse road and its construction should be completed by mid-2021.
Orbico Bulgaria’s logistics centre will handle the storage and distribution of brands of Philip Morris Bulgaria, Shell Bulgaria, Mars and Procter & Gamble.
Source: Sofia Investment Agency.
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