CTP premium industrial park developer, operating in Romania and CEE, and Network One Distribution (NOD), important player on the Romanian IT&C distribution market, expand their cooperation in CTPark Bucharest West, reaching circa 44,000 sqm of logistics spaces leased in two buildings.
A new agreement was concluded for an extension of approximately 14,000 sqm, situated in a new warehouse that will be finalized in Q4 2018. NOD already occupies over 30,000 sqm of logistics spaces in CTPark Bucharest West that were delivered in 2017.
The new A-class standard building has been designed to meet the most demanding standards in terms of building quality, costs efficiency, and environmental protection. The construction of the warehouse, where NOD will occupy 14,000 sqm of storage spaces, started in the beginning of 2018, with delivery planned in Q4 2018.
NOD has been a tenant at CTPark Bucharest West since 2017, when the electro-IT products distributor leased a warehouse of more than 30,000 sqm.
“We are expanding fast, so we needed new storage space that enables us to maintain increased stock levels. Our activity has a seasonal peak that appears in the last trimester of the year, during Black Friday and the winter holidays, so our new extension is programmed for delivery right on time in order to reduce our delivery times and increase flexibility”, Andrei Militaru, chief Commercial Officer, Network One Distribution, stated.
CTPark Bucharest West is planned to become the largest industrial park in CEE, with over 1 million sqm of lettable area. This year will be marked by a strong development process in the western part of Bucharest, where CTP owns three logistic parks. Overall, the company has scheduled the delivery of approximately 236,000 sqm GLA near Bucharest, out of which approximately 175,000 sqm GLA will be located in CTPark Bucharest West.