CTP, the largest listed developer, owner and manager of industrial and logistics properties in Europe, measured by gross leasable area (GLA), announces the expansion of its partnership with RARA Logistic, a leading Romanian logistics provider. The collaboration now covers over 31,000 sqm in CTP parks in Bucharest, Sibiu and Deva, reinforcing both companies’ commitment to developing Romania’s logistics infrastructure.
CTP N.V. recorded Gross Rental Income of €664.1 million in the year, up 16.1% y-o-y, and like-for-like y-o-y rental growth of 4.0%, mainly driven by indexation and reversion on renegotiations and expiring leases. As at 31 December 2024, the annualised rental income came to €742.6 million and occupancy came to 93%.
VGP NV, a European provider of high-quality logistics and semi-industrial spaces, achieved a net profit of 287 million euros in 2024, marking an increase of 229% compared to 2023. The company's net asset value increased by 8.4%, reaching 2.4 billion euros, reflecting its strong financial stability and long-term growth strategy.
ELI Parks has signed a new lease agreement with FAN Courier, Romania’s leading courier service provider, for a 4,800 sqm space, a transaction brokered by Dunwell.
Industrial developer CTP has announced the expansion of its collaboration with freight transport manager Delamode at the CTPark Bucharest industrial park.
ELI Park Iași has successfully leased Phase 1, covering 21,000 square meters, attracting five major tenants from key industries, including pharmaceuticals (Dr. Max), beverages, retail, and HVAC & heating installations (Uniprest). This milestone reinforces ELI Park Iași's position as a leading logistics and industrial hub in the region.
Retailer H&M will open a distribution center in Romania, near Ploiești, 14 years after entering the local market. According to Cushman & Wakefield data, cited by economica.net, this is the largest warehouse delivered last year on the Romanian logistics and industrial market.
CTP, the largest owner of industrial and logistics parks in the region, plans to acquire one of its main competitors on the local market, P3 Bucharest, which owns a 104,000 sqm project in western Bucharest. CTP could cross the three million sqm threshold of warehouses locally.
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