CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues to strengthen its position on the domestic market through a series of major investments in the development of CTPark Bucharest West. Currently, the property registers the fastest growth rhythm in Romania and its built surface exceeds 300,000 m² after two new buildings were delivered recently. According to CTP’s appraisals, CTPark Bucharest West will reach 400,000 m² built area of A class warehousing space, by the end of 2018. CTPark Bucharest West is designed to become the largest logistics and industrial park in Eastern Europe, with a built area projected to reach 1 million square meters over the next few years.
CTP has just completed and delivered in CTPark Bucharest West two buildings with a total surface of over 100,000 m² for existing clients, most of which conduct logistic activities
The developer has two other buildings under development, with a total built area of approximately 200,000 m², that are scheduled for delivery in a few phases, in 2018 and 2019. Around 70,000 m² are comprised in one building that will be completed in two stages: about 25,000 m² in Q3 2018 and approximately 45,000 m² in Q1 2019. The second building will occupy almost 130,000 m², out of which 22,000 m² will be finalized in Q1 2019, and over 100,000 m² are scheduled for delivery in Q3 and Q4 2019.
“CTPark Bucharest West is our most ambitious projects. Its fast growth rhythm, due to the high level of demand from our tenants, is proof of the projects success, and also a good challenge for us, which we are happy to rise up to. CTPark Bucharest West is set to become the most important logistics park in the region, in terms of built area, development pace and above the market quality standards. Not only that we are significantly expanding our built area, but we also are constantly improving the quality and range of services that we are offering throughout the park. Thereby, our future investment plans include the increase of our on-site facilities and services, in order to make sure that our tenants’ businesses are able develop in the best possible conditions”, stated Iulia Bușcă, Commercial & Business Development Manager of CTP Romania.
Among the facilities for tenants and employees, there are a new canteen that will be able to serve between 2,000 and 3,000 people per day, a medical point to provide first-aid and labour medicine, support services for staff recruitment, CTBox Units – The three-in-one functionality of the CTBox concept provides showroom, warehousing and office space in one efficient unit, a new gas station and a main road inside the park.