CTP’s plans for 2018 include an expansion of at least 300,000 sqm in Romania, having as main focus the area situated in the vicinity of the capital, where the company owns three logistics parks whose cumulated surface is estimated to reach 680,000 m by the end of 2018, a press release informs.
“CTP will continue its fast growth this year, both on the local and international markets. We have established precise targets, which we plan not only to reach, but to overcome in the next period. We aim at increasing our Romanian logistics spaces portfolio, and to achieve more than 1 million sqm by the end of 2018,” Remon Vos, CEO of CTP and Country Head for CTP Romania, stated.
At the same time, the premium industrial parks developer will finish the developments began in 2017 in its parks situated near Cluj-Napoca and Timisoara and will continue the development of the logistics park located in the vicinity of Pitesti.
Almost 8,000 sqm GLA from CTPark CLuj II were already leased to one of CTP’s strategic clients, and the rest of 22,000 sqm GLA are available for lease and benefit from a flexible structure that allows space to be divided into different sizes, depending on customer’s needs, from 1,500 sqm to 10,500 sqm
The structure of CTPark Timisoara II consists in an 15,000 sqm GLA storage space that is occupied by a strategic client and other two spaces of approximately 9,000 sqm GLA each, out of which one is leased to a local automotive operator and the other one will be finalized in Q2 2018 and is available for leasing.
When the construction of the two warehouses situated in CTPark Pitesti II will be finalized, circa 5,000 sqm GLA will be available for future tenants, the rest being already leased.
Acccording to Remon Vos, CTP plans to reach 10 million sqm in the next four year at Europe’s level.