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.
CTP, one of the largest logistics and industrial developers, recently completed a warehouse with a surface area of 20,000 square meters for the Arctic appliance manufacturer, and is due to complete the Opsan plant construction in the near future.
The industrial and logistics market is crossing one of the best times in history, and in the first half of the year will reach the threshold of 4 million square meters, according to the representatives of JLL Romania.
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