CTP investments at over EUR 250 mln in Romania

Newsroom 21/09/2016 | 16:02

CTP’s portfolio of A-class industrial properties exceeds 500,000 square meters in Romania and the company is planning to extend the portfolio to 1 million sqm by 2018. CTP has made local investments worth over EUR 250 million.

Currently, CTP is developing various projects across the country and at the same time, projects in Timisoara and Arad are being leased.

“CTP has recently handed over a 25,000 sqm distribution center in Cluj to Profi and new project is under way in Bucharest with 30,000 sqm under construction in CTPs Bucharest West Park, previously owned by ProLogis. 10,000 sqm out of the 30,000 sqm remains available”, says Marian Orzu, head of Leasing and Business Development Department.

CTP has also obtained a permit for another building in the same park with an area of 60,000 sqm and plans to start the construction this year.

Also, CTP has completed its first project with an area of 15,000 sqm for tenants like Enlgmayear, DSV and Iron Mountain at the CTPark Bucharest, acquired from Portland Trust. At the CTPark Bucharest, CTP has 100,000 sqm of land available for new constructions.

CTP’s projects are being co-financed by different banks, including Erste Bank, Societe General and Raiffeisen.

“In addition to warehousing and distribution, CTP’s strength is in completing projects for companies involved in manufacturing such as the EUR 15 million project in Pitesti / Catesca which is being handed over to French automotive giant Faurecia”, added Orzu.

In addition to the new construction, CTP continues to invest in upgrading its current portfolio.

CTP’ s team currently has around 30 people in Romania.

Georgiana Bendre

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