CTP, the largest listed developer and manager of industrial and logistics space in Continental Europe, continues to develop its portfolio in Romania with a new industrial park in Arad. CTPark Arad West is strategically located with easy access to the western part of the city, close to the DYI centres and benefits from both public transport and a very good connection to the A1 motorway, less than one km away.
The Belgian developer of logistics spaces WDP, with significant investments on the Romanian market, has completed investments of 69 million euros and is working on projects of 92 million euros. Romania continues to be one of the company's important investment hubs.
CTP N.V., the EU’s largest listed developer and operator of logistics and industrial real estate by gross lettable area (GLA), has today closed a €700 million four-year green bond under its eight billion euro medium-term note (EMTN) programme.
The real estate investment market has been on an upward trend for the past three years, unaffected by the pandemic. The total volume of investments on the Romanian real estate market was 919.45 million euros in 2021, up 4% from the previous year, according to a study by Fortim T.A., a member of the BNP Paribas Real Estate Alliance.
This year, WDP invested 14 million euros in the acquisition of land in Romania, in Dragomireşti and Ştefăneştii de Jos, according to the company's financial report. Another investment is a 60,000 sq m plot of land, in Timişoara, an investment of 5 million euros, near the Sport Mechanical Workshop bicycle factory.
CTP, the largest developer and operator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, announces the rapid progress of construction work started this year. In Romania, CTP aims to complete the construction of its new buildings with a total area of 300,000 m2 by the end of 2021 and the investments dedicated to these projects will reach 200 million euros.
REHAU Romania, a German provider of solutions for windows, installations and furniture, continues to expand its activity locally and will make an investment of approximately 10 million euros in Sibiu County.
The Romanian real estate investment market grew in 2020 despite the pandemic context and closed the year with a total value of investment transactions worth almost 900 million euro, which represents almost 8.5 percent of the total 10.4 billion euro investment volume recorded by the 6 largest countries in Eastern Europe, according to Colliers latest report.
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