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CTP to expand its logistics parks portfolio near Bucharest with another 236,000 sqm in 2018

CTP, the biggest developer of industrial and logistic parks in Romania and Central and Eastern Europe, strengthens in 2018 its position of the largest owner of storage and production spaces located near Bucharest.

Thus, the company will complete the construction of several warehouses and start new developments in its three logistics parks situated in the vicinity of the capital: CTPark Bucharest West, CTPark Bucharest and CTPark Bucharest North (former Chitila Logistic Park), a press release informs.

Overall, the company scheduled the delivery of approximately 236,000 sqm GLA near Bucharest.

“In 2018 we will continue to grow rapidly, at the same pace that we had last year, which was the best year of CTP since its entrance on the local market. We plan to focus in an equal manner on constructions and acquisitions of new properties. We will keep on developing intensively in the vicinity of Bucharest, because obviously this is the area with the highest demand for leasing industrial and logistics spaces throughout the country. The largest area of new storage facilities will be delivered in CTPark Bucharest West that we are determined to make the biggest logistics park in Eastern Europe in the next two years,” Ana Dumitrache, co-country head of CTP Romania, stated.

During 2018 the refurbishment works that are currently taking place in the logistics park from Chiajna (former Phoenix Logistics Center) will be also finalized. Also, CTP’s plans for this year include, among other projects, the completion of the developments began in its parks from Timisoara and Cluj-Napoca as well as continuing the development of CTPark Pitesti.

About Anca Bernovici