CTP Romania, market leader in the field of industrial development, with a total built area of over 1,250,000 m², continues its development plans in the Transylvania region and announces an investment of EUR 50 million in the expansion of logistics parks around the city of Timisoara. Thus, the company will double its leasable area of industrial spaces by the end of 2023.
CTP's decision to continue its expansion plans and investments in Romania takes place in an unstable economic context caused by the current pandemic, but the company looks with confidence to the Transylvania region and its development potential. The expansion of the parks around Timisoara is proof of the trust that CTP gives to this region, especially to the western part of the country. Timisoara is a strategic hub on the logistics map of Romania, well connected with the rest of the region and has a skilled workforce, with an excellent reputation and enormous know-how, especially in the electronics industry.
Emilia Țepeș, Business Development Manager for Transylvania CTP, said:
„The continuation of the CTP expansion plans in Transylvania by expanding the logistics parks near Timișoara represents the proof of the trust we have in this region. We have identified numerous expansion opportunities in both the production and logistics and warehousing areas, and our plans do not stop there. Beyond this development of the logistics parks Park Timișoara I and II, we also aim to expand in the central area of Transylvania, more specifically in the parks of Turda and Sibiu. ”
The current plans concern, in particular, the expansion of the ctPark Timișoara II logistics park with a first building of 32,200 m2 already rented, located in a strategic area, close to Timișoara airport and the A1 motorway. The building is cross dock, multifunctional and can be adapted to the specific needs of customers who choose CTP as a partner. In the second stage of construction that begins this fall and will end in March 2020, CTP will deliver another 17,000 m2 inside ctPark Timișoara II.
ctPark Timișoara II is located near ctPark Timișoara I, the first logistics park developed by CTP in the western part of the country, with a total leased area of 10,000 m2.
The building will be built to an "outstanding" BREEAM standard and will integrate all the necessary features for certification. CTP Romania will achieve this through top energy insulation and LED lighting, electric charging facilities, water recirculation and the use of natural light in the warehouse.
About ctPark Timișoara II:
• The total planned area of the park: 89,500 m2
• Location: 6 km away from Timisoara Airport and 1 km away from the A1 Arad - Timisoara Highway
• Total built area: 32,000 m²
• Under construction: 17,000 m²
• Planned constructions: 40,300m²
Construction calendar ctPark Timișoara II:
• Stage I, started in 2017: 32,000 m² built and rented
• Stage II, started in autumn 2020: 17,000 m² under development to be completed in March 2020
• Stage III: 40,300m² which will be delivered by the end of 2023
CTP is a European developer and administrator of commercial properties that offers complete services in the real estate sector. The company specializes in the delivery and management of customized high-tech business parks for leading international and local companies that make new strategic investments or expand their operations in Central and Eastern Europe.
CTP owns ctPark Network, the largest premium integrated business park system in Central Europe, with over 5.8 million square meters of Class A space, in over 96 strategic points in seven countries. In addition to the country of origin, the Czech Republic, CTP is also present in Slovakia, Hungary, Serbia, Romania and Poland, and recently the company has started operations in Bulgaria as well.
CTP is committed to protecting the environment and reducing carbon emissions. The group has been actively involved in large-scale forest planting and replanting actions throughout the region. In addition, all the new constructions of the company have a roof with solar panels, the group being in the process of BREEAM certification of its whole portfolio in Central and Eastern Europe.
In Romania, CTP is the largest developer and administrator of logistics and industrial spaces of A class, with over 1,250,000 m² of leasable area located in ten cities: Arad, Bucharest, Cluj-Napoca, Deva, Pitesti, Sibiu, Timisoara, Turda, Ineu and Salonta. (source: CTP)
