CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces LPP, one of Central Europe’s fastest growing fashion retailers is moving into a new e-commerce facility at CTPark Bucharest West. LPP, which is already an occupier at the Park is together with CTP, extending its current building to support the delivery of the new facility. This will take LPP’s total footprint at the Park to around 90,000 sqm with the new e-commerce facility comprising around 40,000 sqm with the remainder of the building being used as an LPP distribution centre.
CBRE Romania announces that DHL Express, the global leader in international express courier services, will open a new logistics center in VGP Park Bucharest North, located in the immediate vicinity of Bucharest, in the town of Ștefănești. The lease of the new center's space, with an area of 4,109 square meters, was facilitated by CBRE Romania.
RetuRO, the administrator of the Deposit Return System, is opening its fifth counting and sorting center in Nicolae Bălcescu, Bacău County. Located within the ELI Park Bacău industrial park, the center will manage and process beverage packaging collected both manually by retailers and through Return Vending Machines (RVMs).
VGP, a European provider of high-quality logistics and semi-industrial real estate, announces the completion of the 8th building of VGP Park Timisoara with the handover of the warehouse to Continental Tires Timisoara which will use approximatively 20,000 m² for its tyre storage operations.
Crane ChemPharma & Energy, a global industrial manufacturer and subsidiary of Crane Company, secured a lease for 3,000 square meters of production space within Industra Park Arad in Romania, developed by Oresa Industra. This transaction was brokered by the real estate consultancy firm Cushman & Wakefield Echinox.
A new trend is being observed in the logistics space industry. According to an analysis conducted by the developer and operator Transilvania Construcții, companies that rent storage spaces are increasingly requesting office spaces next to their logistics activities.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the extension of the contract for 17,000 square meters of space at CTPark Craiova with Cummins Generator Technologies, a market leader in power solutions and a subsidiary of global power leader Cummins Inc.
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