Articles

CTP Invests EUR 18 Million and Buys Two Logistics Parks In The Western Part Of The Country

CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, invests approximately EUR 18 million in the purchase of two properties in Ineu and Salonta from the Slovak-based company IPECGroup. Together, the properties comprise a total land area of 119,000 m², and 37,000 m² GLA. CTP’s two new logistics parks are situated in key strategic locations from the Western part of Romania: Ineu, in Arad County - an important industrial centre and transportation hub in the region - and Salonta, situated in Bihor County, very close to the Hungarian border. The two properties are the basis of the new CTPark Ineu and CTPark Salonta, and are part of CTP’s long term vision to grow and, in the same time, to consolidate its position as the player with the most important logistics portfolio at national level.

New Record Deliveries for Industrial and Logistics Sector in Romania in 2017

Romania's industrial and logistics sector will record a record level of deliveries of approximately 480,000 square meters this year, while in the retail market the deliveries of new spaces will be at a minimum of the last 14 years with a level of about 70,000 square meters, according to a new study published by Cushman & Wakefield Echinox.

CTP prepares for the BREEAM certification and makes solid investments in green technologies

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 invests over EUR 13 million for the expansion of CTPark Timisoara

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.

Litens Automotive Group Opens its Second European Factory In Romania

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.