Ana Dumitrache, Country Head CTP Romania, said: “Our philosophy is to bring value and promote CTP standards where we invest. We entered the Craiova market last year with the acquisition of CTPark Craiova East, an industrial park that we are already expanding and which will exceed 53,500 sqm by the end of the year. It is an investment that demonstrates our long-term commitment to Craiova, a community we believe in and want to grow with. We are happy to have been able to bring into the project clients that are already in our portfolio and with whom we have managed to create successful partnerships, such as A&D Pharma - Dr.Max Group.”
The new warehouse is already fully leased, A&D Pharma – Dr.Max Group will occupy an area of over 5,000 sqm in the industrial park CTPark Craiova East. A&D Pharma – Dr.Max Group is also a tenant in the CTP parks in Bucharest, CTPark Mogoșoaia being the largest pharmaceutical warehouse in the country and in Sibiu.
Cezar Zaharia, CEO A&D Pharma – Dr.Max Group, stated: “We continue our plans to develop the logistics zone and to make long term investments in order to respond to the needs of our patients and partners. Through our solid partnership with CTP, we are maximizing the storage capacity in the Craiova area - an important logistic pole, in order to cover even more efficiently the southern part of the country.”
The lease transaction was brokered by the consultancy firm Cushman & Wakefield Echinox.
Rodica Tarcavu, partner Industrial Agency Cushman & Wakefield Echinox, said: “Through this transaction, A&D Pharma – Dr. Max Group becomes a significant tenant of logistics spaces nationwide. In the last three years, we have successfully contributed to the expansion of the company’s portfolio by over 50.000 sqm in key cities in Romania - Bucharest, Sibiu and Craiova. We are confident that the sustainable development of the pharmaceutical sector and the online commerce will continue to be among the main drivers of the logistic market in Romania.”
CTPark Craiova East is located in the eastern part of Craiova, on Henry Ford Street, with quick access to the E70, E79 and E574 European roads, which provide an easy connection to Bucharest and Pitesti. The industrial park has an existing area of 40,000 sqm, and after this expansion, it will reach a total area of about 53,500 sqm, consolidating itself as an important logistics hub in the area.
In Romania, CTP owns a total area of over 2.1 million sqm of class A warehouses in 15 cities: Arad, Brasov, Bucharest, Cluj-Napoca, Craiova, Deva, Oradea, Pitesti, Sibiu, Timisoara, Turda, Targu Mures, Caransebes, Ineu and Salonta. By the end of the year, the developer’s portfolio is expected to exceed 2.5 million sqm.
CTP is the largest owner, developer and manager of logistics and industrial real estate in Continental Europe by gross leasable area, owning over 9.3 million m² of space in ten countries as of 31 March 2022. CTP is the only developer in the region with its entire portfolio BREEAM certified and carbon neutral operations from 2021, underpinning its commitment to being a sustainable business.
