Project Description

The project involves the strategic design and development of INDOVA, a pioneering network of Light Industrial and Urban Logistics parks in Moldova. Unlike traditional massive logistics centers or outdated Soviet-era garages ("Type C"), this project focuses on creating modern, modular "Type B" facilities designed as professional "Business Homes." The development spans two key locations—Muncești 621 and Băcioi—combining Western European construction standards with flexible layouts to serve the growing Small & Medium Enterprise (SME) sector.

Project Objectives

• Market Modernization: To transition the local market from decaying Soviet legacy stock to energy-efficient, insulated, and modern industrial assets2222.

  
  

• SME Empowerment: To provide modular units (500–2,500 m²) that offer dignified, professional environments for logistics, light manufacturing, and e-commerce businesses3333.

  
  

• Strategic Connectivity: To leverage "Blue Ocean" market conditions by positioning assets adjacent to the airport and railway nodes for maximum logistical efficiency4444.

  
  

• High-Yield Performance: To deliver institutional-quality investment metrics with high cash-on-cash returns through efficient capital structuring and low equity requirements5555.

  
  

Services Provided

• Land Acquisition & Zoning: Securing strategic land parcels with existing industrial zoning rights and managing all regulatory compliance.

  
  

• Urban Planning & Architecture: Developing master plans that maximize land utility and designing modular blocks that allow for flexible tenant configurations7.

  
  

  
  

• Full-Cycle Construction: Managing the entire building process, utilizing rapid 6-9 month build cycles with competitive construction costs8888.

  
  

  
  

• Financial Structuring: Coordination of capital structuring, bank financing, and investor relations through Velluto Financial Brokerage99.

  
  

• Tenant Leasing & Sales: Managing the absorption of high-value tenants, ranging from startups and artisans to supermarkets and logistics operators10101010.

  
  

Project Timeline

• Phase 1: Documentation & Permitting (Jan 2026)

  Finalization of architectural documentation and submission for local council approvals11.

• Phase 2: Construction Start (June 2026)

  Groundbreaking for the Băcioi and Muncești sites immediately following approvals12.

• Phase 3: Phased Development (2026 – 2029)

  Sequential construction and delivery of modular blocks to capture immediate demand and scale rapidly13131313.+1

• Phase 4: Full Operation (2029)

  Completion of all phases, stabilization of the asset, and full operational capacity14.

Budget Estimate

The total Capital Expenditure (CAPEX) for the project is estimated at approximately €31.8 Million across two sites.

• Muncești Park: ~€10.8 Million (Land: €2M / Construction: €8.8M)15.

  
  

  
  

• Băcioi Park: ~€21 Million (Land: €7M / Construction: €14M)16.

  
  

  
  

Key Project Team

• Lead Developer (Serghei Gobjila): President of the Association of Industrial & Logistic Developers of Moldova (ADIL), responsible for the entire value chain from land acquisition to construction17171717.

  
  

• Real Estate Expert (Denis Budac): A market veteran with 20+ years of experience, handling market positioning, legal structuring, and commercial alignment18.

  
  

• Financial Partner (Velluto Financial Brokerage): Led by Denis "Donovan" Scvortov, acting as the institutional financial partner for capital structuring and lender compliance19191919.

  
  

• Strategic Advisor (Sergey A. Dronov): Provides executive guidance on strategy, policy, and international affairs20.

  
  

  
  

Additional Features

• Smart & Sustainable Design: Buildings feature energy-efficient envelopes, solar-ready roofs, and ESG-aligned construction to lower OPEX for tenants21.

  
  

  
  

• Advanced Specifications: Units feature 8–10m clear heights, modern loading docks, and insulated structures suitable for high-quality goods.

  
  

• Airport Adjacency: The Băcioi site is located immediately adjacent to Chișinău International Airport, offering a critical advantage for air cargo and fast logistics23.

  
  

  
  

• Flexible Mix: A functional mix of warehousing (70%), offices (20%), and commercial retail frontage (10%) to create a vibrant business community24.