The board of BERD will gather on 5th of April to decide the financing approval. The project’s total costs, including the value of the existing buildings and the expenses for the development of the new warehouses reach to nearly EUR 109 million, according to a description published on EBRD website.
CTP took over CTPark Bucharest West from Prologis in 2015, in a transaction estimated to EUR 60 million. The park, situated at km 13 and km 23 from Bucharest, in Bolintin-Deal, covers 79.2 hectares.
CTP started in September 2016 the construction of a warehouse of 22,000 sqm at km13 and at km 23 it started in November 2016 the construction of a building of 60,000 sqm. Both warehouses are scheduled for delivery this spring.
Currently, CTP is present outside Bucharest in Oradea, Arad, Timisoara, Cluj, Turda, Sibiu, Deva, Pitesti.
The developer has recently announced it reached investments of EUR 250 million in Romania, having in 2016 a portfolio of class A industrial properties exceeding 500,000 m2 and investments of nearly EUR 130 million.
CTP projects are co-financed by different banks, including Erste Bank, Societe Generale and Raiffeisen.
CTP is present on the Romanian market since 2007.
In an interview for Depozitinfo.ro, Marian Orzu, Head of Leasing and Business Development Department CTP Romania, has declared that the company’s target is to reach 1,000,000 m2 built area by 2018.
For its seven markets in CEE, CTP’s target is to reach a portfolio of 5 million m2 by the end of 2018, from more than 3 million m2 currently. (source: profit.ro)
