"The CTP development strategy predicts an annual growth of about 14%, and in 2019 we expect to reach 740,000 square meters across the CTP network in Central and Eastern Europe, relying on our own development. We also plan purchases of new properties, but this represents about 20% of our growth this year. In Romania, we have plans to increase by another 200,000 sqm", says Ana Dumitrache, country head of CTP in Romania.
In 2018, the developer completed and delivered more than 300,000 sqm of logistics space and reached 50 tenants in the 15 parks owned in Romania. Of these, 85% are important names in logistics, and 15% are manufacturing companies.
Since entering the market, CTP, having 27% market share, has invested around 500 million euros in Romania, and another 120 million euros will be invested in the coming years. The developer plans to reach about 1.5 million square meters in 2021.
The company is not afraid of a possible crisis in the real estate market and in general in the economy.
"In general, there are signs across Europe and the rest of the world that point to slower global economic growth. CTP customers represent a wide range of industries with long-term investment plans. We expect these companies to continue to invest in Central Europe, so that the industrial real estate sector will continue to grow", explains Ana Dumitrache.
One of the main objectives of the developer is the expansion of CTPark Bucharest West, designed to become the largest industrial park in Romania and Central Europe. At present, CTPark Bucharest West has a built area of 400,000 square meters and is planned to reach a million square meters in the coming years. (source: economica.net)