CBRE real estate consultant has appointed Ana Dumitrache, who previously was part of the CTP team. She will lead, starting February, the company's investment department as Head of Investment Properties.
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, continues its expansion process, both nationally and internationally, throughout 2018. The company will finalize almost 70,000 m2 GLA located in the parks from Cluj-Napoca, Pitești and Timișoara. CTP also expanded its international portfolio, from 4.1 million m² of A-Class properties, to 4.5 million m² situated in more than 80 strategic locations.
Building on its continued growth in Romania, WDP is reinforcing its capital in the Romanian entity, being a 51/49 joint venture partnership with Jeroen Biermans up until now. After the capital increase the ownership ratio of the shareholders will evolve towards an 80/20 ratio. This should facilitate the further portfolio growth towards 500 million euros.
The volume of real estate investment in Romania in 2017 is estimated at around EUR 1 billion, almost 10% higher than in 2016 (EUR 890 million). The figure is 8% of the total in the Central and Eastern Europe region of 12.17 billion euros, according to the JLL.
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, announces changes and the expansion of its management team, both local and international, in order to continue the development of the organization and to support the accelerated business growth. Mr. Robert Pitt joined CTP’s international team as Chief Operating Officer, starting the end of last year and Ms. Iuliana Bușcă and Ms. Andreea Enescu will run the business development team in Romania, starting February 1st 2018.
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