CTP, the largest developer and administrator of class A logistics and industrial spaces in Romania, with a portfolio of approximately 1,850,000 sqm, has just acquired another 153,000 sqm of industrial spaces expanding its portfolio in Brasov, and enlarging its presence in Timisoara and the South of Bucharest, thus becoming present in 13 cities.
CTP, the largest developer and manager of class A logistics and industrial spaces in Romania, became the partner of Golden Fish, which rented a space of 14,500 m2 in CTPark Bucharest North, the logistics park of over 21 hectares located in Ștefănești-Ilfov.
The Zacaria company, headquartered in Sibiu, sold part of its industrial park portfolio to CTP. The obtained capital allows the Sibiu company to support an organic growth focused on the development of industrial parks, shopping centers and residential projects.
CTP, the largest developer and administrator of logistic and industrial class A spaces in Romania, with over 1,850,000 sqm of leasable area, has acquired approximately 112,000 sqm of industrial spaces from Zacaria Industrial, representing parks in four cities, continuing thus the group strategy to be present in new cities, like Craiova and expand their developments in Sibiu, Arad and Oradea.
Fortress, one of South Africa’s largest real estate investment trusts (REITs), has reached an agreement with Element Industrial and Paval Holding to sign an agreement to acquire ELI Park 1, a Class A industrial development in North, the latest logistics hub North-West of Bucharest, Buftea – Chitila, making it their first logistics acquisition in Romania.
The real estate developer from Cluj-Napoca, Urbano Parks, consolidates its role in supporting the logistics sector by starting the collaboration with Sameday, the Romanian courier company that has registered the most spectacular growth in recent years.
In the first semester of 2021, 360,000 square meters of logistics and industrial spaces were leased, a 21% increase compared to the similar period of the previous year, according to the Cushman & Wakefield Echinox real estate consulting company. 200,000 square meters were transacted in the first three months of the year, while developers closed transactions for spaces with a total area of 160,000 square meters in the second quarter.
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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