Romanian developer Elite Grup buys Cluj industrial site Sanex for EUR 40 million

13 August 2026 Elite Grup, founded by entrepreneur Chimu Căpușan more than 30 years ago, has completed the acquisition of the Sanex site, a 17.2-hectare plot of land in northern Cluj-Napoca. The EUR 40 million transaction was cleared by both the Competition Council and the Commission for the Examination of Foreign Direct Investments (CEISD). The developer said the transaction is “the largest land acquisition by a single buyer in the history of Romania’s real estate market, financed entirely from its own funds.” The company plans to transform the land into a large-scale urban redevelopment project, as part of a broader urban development strategy in Cluj-Napoca, alongside the Elite City project, which is under development. “This is the largest investment we have ever made in a single plot of