CTP N.V., CEE’s largest logistics property owner and developer listed on Euronext Amsterdam (ticker symbol: CTPNV), today announces its results for the first half year of 2021. CTP reports strong half year results and is well on track to further accelerate its development, raising its GLA growth target to beyond 7.7 million m² by year-end 2021, up from 7.5 million m² as guidance at its IPO end of March 2021.
THETA Furniture & More, one of the largest players in the interior fit-out segment in Romania, announces the start of construction works for its new production factory, near Bucharest, with approximately 5.000 sqm capacity. Using cutting-edge technology, the factory will produce custom-made furniture and it is planned to start operations early 2022.
P3 Logistic Parks receives two new tenants in the P3 Bucharest A1 community, Interdecor Distribution and Field Star, which together occupy more than 6,000 square meters of storage and office space.
The total stock of industrial and logistics spaces gained close to 200,000 sqm in the first half of this year to more than 5.4 million sqm and the sector will continue to expand by the end of 2021, according to data from real estate consultancy Avison Young.
CTP, the largest owner and developer of logistics and industrial spaces in Romania, has entered into a long-term partnership with Rohlik Group ("Rohlik"), one of the European leaders in the field of online food deliveries, which announced this year that wants to expand in Romania.
The total value of transactions with commercial real estate assets in Romania reached 298 million euros in the first half of 2021, a 23% decrease compared to the same period of last year, the market being supported primarily by the return of the Austrian investors’ appetite for office buildings, according to the Romania Investment Marketbeat, launched by the Cushman & Wakefield Echinox real estate consulting company.
CTP leased a 9,000 square meters (sqm) warehouse in CTPark Sibiu to A&D Pharma, a subsidiary of Dr.Max Group, which owns the pharmacy chain with the same name. The strategically positioned industrial park, situated in the centre of the country has a built area of 20,000 square meters in 2 distinct buildings and a development potential of over 100,000 square meters.
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