CTP, the premium industrial parks developer in Romania and Central and Eastern Europe, has entered the Bulgarian market with plans to reach 100,000 square metres of leased space by the end of 2021. Bulgaria is CTP’s seventh country in the Central European region, extending the company’s geographical footprint from the North Sea and the German border to the Black Sea.
“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.
In Romania, CTP is managing 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.