CTP developments accelerate in Romania: 300,000 m2 planned for 2021 with EUR 200 million investment

CTP, the largest developer and operator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, announces the rapid progress of construction work started this year. In Romania, CTP aims to complete the construction of its new buildings with a total area of 300,000 m2 by the end of 2021 and the investments dedicated to these projects will reach 200 million euros.

A first successful project taking place at an accelerated pace is the warehouse that CTP is building for the logis-tics operator of Kingfischer, Quehenberger, within CTPark Bucharest West. The developer has already managed to raise 25% of the total area of the building just two months after construction started.

In addition to the warehouse for Kingfischer, the company that operates Brico Depot in Romania, CTP is also developing six other projects in its parks in Timisoara, Turda, Sibiu, Pitesti, as well as in the vicinity of the capital – CTPark Bucharest and CTP Bucharest North. These works have a market value of approximately 200 million euros and will be completed by the end of 2021.

Valentin Rosu, Regional Development Director, CTP Romania has stated:

”CTP is recognized not only for the premium and custom services it offers its customers, but also for its speed in building the new constructions. We have already managed to erect 25% of the building for Kingfischer just two months after the start of construction work. This year, we want to continue to maintain the good pace we had in 2020 and to live up to the expectations of clients who choose to work with us.”

CTP acts as general contractor for the Group's projects in Romania, under the guidance of Valentin Rosu. He coordinates, along with a team of 15 expert engineers, all the construction sites in Bucharest and the country.

The status of CTP work to be completed by the end of 2021:

· CTPark Bucharest West: over 25% of the work done

· CTPark Bucharest North: over 35% of the work done

· CTPark Bucharest: start of expansion work

· CTPark Pitesti: beginning of work

· CTPark Timisoara II: 85% of the work done

· CTPark Turda: 75% of the work done

· CTPark Sibiu: 15% of the work done

CTP Group is a commercial real estate owner, developer and manager providing complete services in the logistics real estate sector. The firm specialises in the construction, ownership, and management of customer-oriented high-tech business/logistics parks for leading international and domestic companies that are strategically investing in new or expanded projects. CTP Group is the largest full-service owner-developer of prime industrial and logistics property in the CEE. The Group’s core portfolio consists of 6 million square metres of Class A real estate in 100 strategic locations in six CEE countries. (source: CTP)