CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, invests in next generation facilities in Romania, setting new standards on the logistics market. Currently, the company prepares to obtain the BREEAM (Building Research Establishment Environmental Assessment Methodology) certification for the CTPark Bucharest West, which will reflect the advanced building sustainability of its warehouses.
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, invests over EUR 13 million in the extension of CTPark Timisoara with 32,000 m², due to the increasing demand in the Western area of the country. CTP’s portfolio in Timisoara includes two logistic parks: CTPark Timisoara I that was acquired in 2015 and has a total size of 10,000 m² GLA and CTPark Timisoara II, the extension currently under development by the company. The construction works at the extension of CTPark Timisoara are ongoing and will be finalized in December 2017.
The Canadian Group Litens Automotive Group, active in the belt and belt management solutions and technologies, hybrid propulsion systems, temperature management systems and torsional vibration management, will complete this year's investment in the Giarmata production unit, Timis County.
AdePlast will expand its production capacities, opening new facilities on the industrial platforms of Işalnita near Craiova, Cluj-Napoca, Oradea and Ploieşti.
The total value of real estate transactions in Romania reached 485 million Euros in the first half of this year, up 44% over the same period in 2016, according to the CEE Investment Market report by JLL.
H.Essers logistics provider is investing 7 million Euros to expand the warehouse near Bucharest by another 10,000 sqm, the new premises being for pharmaceutical and hazardous goods.
Cigarette manufacturer Philip Morris International will open a tobacco reserves factory in Otopeni, Ilfov County, for the IQOS tobacco heating product, an investment of 490 million Euros, to be completed in 2020, according to the company’s representatives.
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