source: bucharestwest.ro
BUSINESSCOMPANIESNEWS

Real estate developers in Czech Republic, strategic deal on Romanian market. Find out what it is about…

By Anca Bernovici
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Real estate developer headquartered in Prague, Portland Trust, struck a deal with Dutch-based CTP for the sale Bucharest West Logistic Park. Through this transaction, estimated at about EUR 60 million, Portland Trust sold all of its income-generating properties in Romania, capital.ro informs.

This happens after the real estate developer, founded and run by British businessman Robert Neale, reached an agreement with the German investment fund GLL Real Estate Partners investment for sale of Floreasca Park office complex in Pipera, for about EUR 100 million.

The logistic complex was developed by Portland Trust in several stages since 2006 and reached an area of over 110,000 sqm.

In an strategic established location on the A1 Bucuresti – Pitesti motorway and just 2 km away from the city, Bucharest West offers class A units for warehouse and light industry. With links to industry Europe-wide, Bucharest West makes connections with 200 millions customers within 1,000 km.

Established in 1997, Portland Trust has a long-term history in real estate development in Czech Republic and with an office in Romania. In Czech Republic the company has developed both retail, industrial and office projects. In Bucharest the company developed Opera Center I & II, Bucharest Business Park, Floreasca 169 A and Floreasca Park.

Last month, Dutch-based CTP, one of the leaders of premium business parks in Central Europe, has signed a deal with Belgian company Yves Weerts for the acquisition of the Logistics Park in Deva, west-central Romania.

Also, recently, the U.S. industrial real estate giant Prologis Inc. has sold the only project developed in Romania – Prologis Park Bucharest A1 – valued at USD 50 million, to CTP too.

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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