ING Bank Romania and the European Bank for Reconstruction and Development (EBRD) finance with EUR 96 million the CTPark Bucharest logistics park, operated by the Romanian subsidiary of Czech real estate developer CTP, which owns the largest portfolio of logistics parks in Central Europe and East.
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues its accelerated growth by acquiring a logistics park, situated in the vicinity of Bucharest, Chitila Logistic Park (CLP). The transaction was concluded in September and the value of the investment reaches EUR 17.3 million. CLP has been purchased from UBM Development, the leading European real estate developer. This acquisition is part of CTP’s strategy of reaching a total leasable area of approximately 1 million m² in Romania by the end of 2018.
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West, which is designed to become the largest logistics park in Eastern Europe, with the fastest growth rhythm in Romania. The total investment in the CTPark Bucharest West will exceed 150 million euros by the first quarter of the next year
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, invests 15 million euros in the development of a new logistics park near Cluj-Napoca. CTPark Cluj II will be located in Florești and will benefit of a total leasable area of 29,000 m². The company already owns a logistics park in Cluj County, CTPark Cluj I, located in Apahida, with a leasable area of 23,000 m², completed last year.
P3, one of the most important investors and developers of logistics properties in Romania, has recently announced the beginning of works for its new warehouse within P3 Bucharest Park.
Helios Phoenix, owner and real estate developer, present on the local market for 20 years, has recently expanded its real estate portfolio through the acquisition of Millenium Logistic Park, situated in Popeşti Leordeni, near Bucharest.
P3, a major investor and developer in the field of logistics real estate has recorded top performance in 2016 across all key parameters including new construction, leasing, vacancy rates and development pipeline.
CTP’s portfolio of A-class industrial properties exceeds 500,000 square meters in Romania and the company is planning to extend the portfolio to 1 million sqm by 2018. CTP has made local investments worth over EUR 250 million.
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