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CTP to invest over EUR 150 M in CTPark Bucharest West by Q1 of 2018

Czech-based CTP, a leading premium industrial parks developer in Romania and Central and Eastern Europe, continues to grow on the domestic market and plans to invest over EUR 150 million by the first quarter of the next year in the CTPark Bucharest West

“CTP has major targets for both Bucharest and the rest of the country. We are in a continuous expansion process and we want CTPark Bucharest West to become the most important logistics park in the region, in terms of built area, the development rhythm and the quality standards. This last aspect is extremely important to us, which is why we make significant investments to ensure our customers do benefit of services above market standards,” Ana Dumitrache, Country Head of CTP Romania stated in a press conference on Wednesday.

Currently, the Dutch owned company has 100,000 sqm under construction in CTPark Bucharest West, and significant plans to continue this expansion. In order to achieve this, CTP acquired land in the area so that it could reach a built area of more than 700,000 sqm by 2020, a figure that would make CTPark Bucharest West the largest industrial park in Eastern Europe.

”We currently have 30 tenants in CTPark Bucharest West, a number we wish to increase. We are committed to providing premium services and helping our customers grow their business,” Ana Dumitrache added.

In cooperation with local authorities, CTP aims to heavily invest in improving the infrastructure surrounding the park, located at 23 km West of Bucharest, as well as creating additional access roads and several highway exits to facilitate the transportation of goods for its tenants.

CTPark Bucharest West is also the only industrial park near Bucharest where tenants do not pay property taxes. Future investment plans include a range of customer facilities such as catering services, restaurants within the park, buses that will provide direct transportation between the park and the city, as well as hotel-type buildings to accommodate the employees of tenant companies.

Following the current expansion process, around 3,000 people will work in the park, and the various industries to which tenants belong will allow the creation of very useful links between complementary sectors of activity.

CTP currently owns approximately 500,000 sqm of leasable area, distributed in two logistics and industrial parks, both with direct access from the A1 motorway: CTPark Bucharest (located at km 13) and CTPark Bucharest West (km 23). Nationwide, the company manages 724,000 sqm of leasable area, located near Bucharest and other nine strategic cities in the country. CTP plans to reach a total leasable area of approximately 1 million sqm in Romania by end-2018.

Moreover, Ana Dumitrache pointed out that Romania is CTP’s second country in terms of expansion after Czech Republic.

CTP acquired CTPark Bucharest West in 2015, when the park had about 130,000 sqm of built area (Bucharest West I and Bucharest West II). Meanwhile, another 100,000 sqm has been developed for customers such as: DSV, Quehenberger, Geodis, Cargo Partner, Gefco.

CTP has implemented significant energy and resource saving measures across its portfolio. All warehouse building materials are purchased from ISO certified vendors. Low emissions and the extremely low use of harmful refrigerants place the CTP warehouses very high in the top of “green” industrial spaces.

 

About Anca Bernovici