CTP, the largest developer and long-term administrator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, continues its expansion plans and successfully inaugurates a new logistics space for one of the largest retail companies in Romania. CTP delivers to Profi Romania a high-performance, one-piece and single tenant building, which covers extensive storage needs, both in terms of temperatures and load capacity.
The third quarter brought an increased activity on the industrial spaces sector, where retail and related services companies, respectively courier and logistics, rented over 300,000 sqm, having a share of 50% of total transactions, double compared to 2015, the report CBRE Market Snapshot Q3 shows.
The gross lettable area of industrial locations operated by CTP has passed 6 million square meters. The growth has continued due to long term trends of increasing e-commerce and supply chain relocations, supported by the covid-19 crises.
CTP, the largest developer and administrator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, announces its expansion plans for the Transylvania region. The developer intends to double the leasable area of logistics spaces in Transylvania by 2023, through investments of EUR 50 million in the expansion of logistics parks around Timisoara. Some of the spaces included in the construction plan are already rented to companies in the logistics and production sectors.
With the end of the year approaching, the impact of the COVID-19 crisis on the global and local economies has become clearer. Despite of the unprecedented situation we are in and the strong blow it dealt to the economy, the Romanian investment market has performed better in the first three quarters of 2020 than in the whole 12 months of 2019.
The developer of logistics parks WDP has completed 157,600 sqm of logistics parks on the Romanian market, in Ștefăneștii de Jos, Sibiu and Slatina, following investments of 97 million euros. In the third quarter of this year, WDP will start the expansion with 12,000 sqm of the Profi warehouse in Roman, and with 22,000 sqm the space owned by LPP in Ștefăneștii de Jos.
Altex Romania has contracted a loan worth 12 million euros from the European Bank for Reconstruction and Development (EBRD) for the expansion of its logistics center in Dragomiresti Vale commune, Dragomiresti Deal village, near Bucharest.
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, has been named the landlord of choice by joint venture partnership between Maersk and IB Cargo which is going to operate a DC for IKEA Supply AG from the largest building in Romania situated in CTPark Bucharest West.
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