CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, acquired A1 Bucharest Park during a transaction valued at approximately 40 million euro.
Romania and Central and Eastern Europe, closed a EUR 82 million credit facility with BRD-Groupe Société Générale and Komerční banka, a major Czech bank and member of the Société Générale international financial group. This is one of the biggest real estate finance transactions on the local market within the first half of 2019.
CTP and a consortium of three banking groups agreed on underwriting package of €1.9 billion for CTP’s Czech industrial portfolio, comprised of 200 buildings, covering 2.7 million m2 of premium industrial space. In the largest real estate transaction to date in Central and Eastern Europe, the 7-year loans provide for the refinancing of €1.6 billion of existing properties and extends €269 million in new financing for projects to be completed in the next 18 months.
CTPark Sibiu II takes shape, the first A Class warehouse is already up and ready to receive its first tenants in about two months. The property is located 4 km from the center of Sibiu, in the western industrial area, on the administrative territory of Cristian commune and near the airport, with easy access to the A1 motorway.
CTP, a major logistics and industrial parks developer and administrator has exceeded one million sq m of leasable area of industrial and logistics projects in Romania and continues to expand.
The industrial sector could attract up to 750,000 sq m of logistics projects by the end of this year, and Romania could establish a new record, Dunwell estimates.
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, is the first real-estate developer to reach a historical milestone: 1 million square meters of built area spread in 15 logistics and industrial parks throughout Bucharest and nine other cities, strategically located in Romania.
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