P3 Logistic Parks, the investor and pan-European developer of logistics properties, acquired a 16 hectare plot of land in Dragomiresti Vale, in order to develop a new logistics park serving logistics activity on the northwestern outskirts of Bucharest.
CTP is proud to announce reaching the 5 million m2 lettable milestone this month. The company has developed a portfolio of strategically located business parks over the past 20 years located throughout central Europe with 95% occupancy, creating approximately 280 million EUR of rental income for 2018. The properties have over 415 tenants employing over 60.000 people in a variety of industries, manufacturing, R&D, logistics, distribution and ecommerce across 8 countries.
The market of industrial and logistic spaces in Romania faces the best period in history, both in terms of demand and supply, with development being concentrated in a series of large cities with access to at least one highway that facilitates the transport and distribution of goods in a shorter time and with lower costs to a larger number of customers.
The areas in northern Bucharest, such as Stefanestii de Jos and Chitila, have the potential to form a new logistics hub, according to the real estate consultancy company Colliers International. Over 180,000 sqm of logistics space are to be delivered next year, as the West of the capital has become loaded in terms of the development of industrial and logistic spaces.
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, entered the second half (H2) of 2018 with results that substantially exceed the same period of 2017, in what concerns the built and delivered units.
DB Schenker, a global provider of transport and logistics services, announces the opening of a new 21,000 m2 logistics terminal in CTPark Bucharest West by the end of 2018.
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