Quehenberger will provide logistics and distribution services to various clients including Continental. The properties are A-class buildings but CTP will invest into decreasing the utility consumptions by installing LED lights and other systems.
The deal for BUW 7, with hand-over scheduled for February 1st, 2016 is concluded for 10 years period, for the other unit the hand over is on October 15th, 2016. With this deal, CTP has reached almost 100% occupancy within the existing properties at CTPark Bucharest West.
Remon Vos, CEO CTP states: “Quehenbeger is CTPs long term partner also in the Czech Republic and CTP is happy to extend the cooperation also in Romania. Our acquisition of the former Prologis portfolio in Romania means that CTP is one of the largest players on the market. Our interest in Romania, along with our tenants, continues to grow.”
CTP acquired the former ProLogis logistics park with a total of about 108,000 m² of A-class warehouse space and approx. 372,000 m² of prepared land plots. As well as Quehenberger, companies like Kühne Nagel, Ekol, Cargo Partner, Emag, Gefco, Altex, Geodis and Studio Moderna do business from CTPark Bucharest West.
CTP´s portfolio of A-class industrial properties has lettable area of approximately 3 million m² and CTP´s commitment is to grow to 5 million m² by 2020.
CTP is a full-service developer with headquarters in Holland, specialized in delivering and management of high-tech personalized business parks. CTP clients are local and global companies who open new or upgrade existing strategic investments in Central Europe. CTP is the owner of the CTPark Network the biggest integrated system of premium business parks in Central Europe, with more than 2,8millionm2 of A spaces in over 50 locations. (source: CTP)
