The industrial real estate giant Prologis Inc. has sold the only project developed in Romania – Prologis Park Bucharest A1 – valued at USD 50 million, to the Czech company CTP, one of the leaders of premium business parks in Central Europe, hotnews.ro informs.
Through this transaction, Prologis makes its exit from the Romanian market, where it had been present since 2006. All this time, the U.S. investors have invested USD 72 million here, according to the financial report.
ProLogis is the largest developer of industrial spaces, with an area developed of over 62 million square meters, active in the USA, Brazil, Mexico, Canada, Austria, Belgium, Czech Republic, France, Germany, Hungary, Italy, Netherlands, Poland, Slovakia, Spain, UK, China, Japan and Singapore. The total asset value under management is USD 56 billion.
Recently, Czech company CTP has signed a deal with Belgian company Yves Weerts for the acquisition of the Logistics Park in Deva, west-central Romania.