CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues its accelerated growth by acquiring a logistics park, situated in the vicinity of Bucharest, Chitila Logistic Park (CLP). The transaction was concluded in September and the value of the investment reaches EUR 17.3 million. CLP has been purchased from UBM Development, the leading European real estate developer. This acquisition is part of CTP’s strategy of reaching a total leasable area of approximately 1 million m² in Romania by the end of 2018.
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West, which is designed to become the largest logistics park in Eastern Europe, with the fastest growth rhythm in Romania. The total investment in the CTPark Bucharest West will exceed 150 million euros by the first quarter of the next year
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, invests 15 million euros in the development of a new logistics park near Cluj-Napoca. CTPark Cluj II will be located in Florești and will benefit of a total leasable area of 29,000 m². The company already owns a logistics park in Cluj County, CTPark Cluj I, located in Apahida, with a leasable area of 23,000 m², completed last year.
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, invests in next generation facilities in Romania, setting new standards on the logistics market. Currently, the company prepares to obtain the BREEAM (Building Research Establishment Environmental Assessment Methodology) certification for the CTPark Bucharest West, which will reflect the advanced building sustainability of its warehouses.
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, invests over EUR 13 million in the extension of CTPark Timisoara with 32,000 m², due to the increasing demand in the Western area of the country. CTP’s portfolio in Timisoara includes two logistic parks: CTPark Timisoara I that was acquired in 2015 and has a total size of 10,000 m² GLA and CTPark Timisoara II, the extension currently under development by the company. The construction works at the extension of CTPark Timisoara are ongoing and will be finalized in December 2017.
Danish group DSV, one of the largest European companies on the transport-logistics sector, has signed the EUR 50 million lease for 90,000 sqm of warehouses near Bucharest with CTP, a group specializing in the industrial space construction, development and rental.
CTP, the European Bank of Reconstruction and Development (EBRD) and BCR announced the closing of a credit facility totalling EUR 75.8 million, of which EUR 36.7 million were granted by EBRD and EUR 39.1 million by BCR.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
