CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues its accelerated growth by acquiring a logistics park, situated in the vicinity of Bucharest, Chitila Logistic Park (CLP). The transaction was concluded in September and the value of the investment reaches EUR 17.3 million. CLP has been purchased from UBM Development, the leading European real estate developer. This acquisition is part of CTP’s strategy of reaching a total leasable area of approximately 1 million m² in Romania by the end of 2018.
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West, which is designed to become the largest logistics park in Eastern Europe, with the fastest growth rhythm in Romania. The total investment in the CTPark Bucharest West will exceed 150 million euros by the first quarter of the next year
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, invests 15 million euros in the development of a new logistics park near Cluj-Napoca. CTPark Cluj II will be located in Florești and will benefit of a total leasable area of 29,000 m². The company already owns a logistics park in Cluj County, CTPark Cluj I, located in Apahida, with a leasable area of 23,000 m², completed last year.
Reynaers Aluminum, the aluminum company, has relocated its business in Romania to one place and plans to open a new showroom in the centre of Bucharest.
P3, one of the most important investors and developers of logistics properties in Romania, has recently announced the beginning of works for its new warehouse within P3 Bucharest Park.
Helios Phoenix, owner and real estate developer, present on the local market for 20 years, has recently expanded its real estate portfolio through the acquisition of Millenium Logistic Park, situated in Popeşti Leordeni, near Bucharest.
Network One Distribution (NOD), the largest IT&C distributer on the Romanian market, is close to sign a deal with Panattoni, American company specialized in development of logistics projects, for the development of a warehouse of 30,000 sqm at km 23 on A1 highway Bucharest- Piteşti.
CTP’s portfolio of A-class industrial properties exceeds 500,000 square meters in Romania and the company is planning to extend the portfolio to 1 million sqm by 2018. CTP has made local investments worth over EUR 250 million.
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