OTZ will occupy 20,000 sqm that are newly built at km 23 on A1 highway in CTPark Bucharest West. The remaining 10.000 sqm will be delivered in November this year and will be leased by building completion.

 

The international developer CTP has invested already over 250 million Euro in Romania. CTP is planning to extend its portfolio in Romania to 1 million sqm by 2018.

 

"We have many plans and projects in Romania. Currently we are constructing various properties throughout the country. Timisoara and Arad are being leased and we have recently handed over a 25,000 sqm distribution centre in Cluj to Profi," said Remon Vos, CEO of CTP. In addition to the new construction, CTP plans to invest on refurbishment and upgrading the existing properties. (source: thediplomat.ro)