“Bulgaria is located at the crossroad between Europe and the thriving economies of the Middle East, Russia and Asia” said Remon Vos, CTP’s Group CEO. “Its GDP growth is a healthy three per cent, and over 90 per cent of that GDP is from industrials and services. By any standard Bulgaria is a promising country for investment in business parks, offices and logistics centres”, pointed out Mr. Vos.

Vladimir Gurdjieff, CTP’s Bulgaria Country Manager, explains that the move responds to demand by several existing CTP clients. “Our initial focus will be on the Sofia metropolitan area and on the 3PL, distribution, pharmaceutical and FMCG sectors,” he says. “We expect to have a team of six property professionals in place by Christmas. Our growth plans are ambitious: 100,000 square metres by the end of 2021. We will achieve this by a combination of acquisition and brand-new development”, concluded Vladimir Gurdjieff.

CTP now operates in seven European countries:The Czech Republic, where the headquarter is located, Slovakia, Hungary, Serbia, Romania, Poland, and now Bulgaria. 

CTP is a full-service commercial real estate developer and manager, specializing in the delivery and management of custom-built, high-tech business parks for leading international and domestic companies making strategic investments in new or expanded operations in Central Europe. CTP is the owner of the CTPark Network, the largest integrated system of premium business parks in Central and Eastern Europe, with 5 million sq m of A-Class properties in eight countries. 

In Romania, CTP is the leading warehouse developer and manager, with a GLA of over 1,000,000 sq m of Class A warehouses spread in 10 cities: Arad, București, Cluj-Napoca, Deva, Pitești, Sibiu, Timișoara, Turda, Ineu and Salonta. (source: CTP)