TP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, continues its expansion in Romania by developing a new logistics park in the Northern part of Bucharest - CTPark Bucharest North. The park, located in Ștefănești, Ilfov County, has a total area of 21 ha and has a large opening with a great access to the Bucharest Ring Road, close to A3 Highway, which makes it extremely easy to reach and transit. The total value of the investment in the new logistics park amounts to EUR 65 million.
The integrated transport and logistics services provider E van Wijk renewed its lease of approximately 10,400 sq m for the industrial park P3 Bucharest A1, located in the west of the capital city, at km 13 of the A1 Motorway.
P3 Logistic Parks (“P3”) has signed a lease agreement with Interbrands Marketing & Distribution for 24,830 square meters of logistics and office space in the P3 Bucharest A1 park. Interbrands has been a customer of the park since 2006 and has decided to move to a larger warehouse that can accommodate Orbico Group's expansion for operations in Romania. On this occasion, Interbrands also begins the implementation of an extensive logistics automation project in the new warehouse.
CTP is extending its business development team with Ms. Emilia Tepes joining the team. Emilia will take charge of CTP´s Transylvania business development activity.
Rosti Romania, owned by the Swedish company Rosti Group AB, has leased an area of 11,300 sqm industrial spaces in Paulesti, near Ploiesti, developed and rented out by the Belgian logistics real estate expert WDP.
The retailer Profi rented over 100,000 sq m in two warehouses that will be built by the Belgian operator WDP in Timişoara (58.000 sqm) and Craiova (57.000 sqm), investments valued at 70 million euros, part of the strategy to expand logistics operations.
WDP, developer of logistics and industrial spaces with Belgian capital, plans to develop 10,000 sqm of warehouse spacenear Bucharest, in Ştefăneştii de Jos (Ilfov county) for sports retailer Decathlon.
GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a pan-European logistics real estate portfolio (“Maximus”) from funds managed by affiliates of Apollo Global Management, a leading global alternative investment manager, for a net consideration of approx. €950 million.
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