CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues to strengthen its position on the domestic market through a series of major investments in the development of CTPark Bucharest West.
Profi Rom Food SRL, the company that manages the Profi supermarket network, is expanding the Ploiesti distribution warehouse by approximately 20,000 square meters in Logicor Logistics Ploiesti logistics center, with works to be completed in September.
The real estate market in Romania is recording a significant increase in construction volumes in the middle of the year, deliveries of commercial spaces, office buildings and industrial projects announced for 2018 are 53% higher than last year at national level.
CTP, the most dynamic developer on the Romanian logistics and industrial market, continues its large-scale investment series in 2018, on the backdrop of national consumption growth, as well as industrial production growth of 5-6% and online retail effervescence.
The growth of the industrial-logistics segment of the real estate will keep its trend of 2017, both in the short and medium term, according to the study conducted by Dunwell, a specialized agency. Consumption growth of 8.4% last year and a transaction value in this sector in 2017 estimated at € 240 million, are the premises of a second record year in logistics and industrial development, with over 500,000 m2 estimated to be delivered up to end of the year.
WDP has signed a contract with the Rustler, a facility management service provider, for its Decathlon logistics center and Dunca logistics center in Timisoara.
Ionuţ Dumitrescu launches Element Industrial, a real estate development company focused on logistics projects. The new company is considering developing a portfolio of projects in Bucharest and in the country.
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