CTP, industrial parks developer and manager, started a series of major investments in the development of CTPark Bucharest West. Currently, the property registers a built surface that exceeds 300,000 sqm after two new buildings were delivered recently.
According to CTP’s appraisals, CTPark Bucharest West will reach 400,000 sqm 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 one million sqm over the next few years.
CTP just completed and delivered in CTPark Bucharest West two buildings with a total surface of over 100,000 sqm 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 sqm, that are scheduled for delivery in a few phases, in 2018 and 2019, as follows:
- 70,000 sqm are comprised in one building that will be completed in two stages: about 25,000 sqm in Q3 2018 and approximately 45,000 sqm in Q1 2019;
- The second building will occupy almost 130,000 sqm, out of which 22,000 sqm will be finalized in Q1 2019, and over 100,000 sqm 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 Busca, commercial & business development manager of CTP Romania.
CTPark Bucharest West is prominently located 23 kilometres west of Bucharest City Centre, and has direct access to the A1 high-way. Among the biggest companies that carry out their activity in the park are: Ekol Logistics, Quehenberger Logistics, DSV, Yusen Logistics, KLG Europe Logistics Romania, Geodis, Cargo Partner, Gefco, NOD (Network One Distribution).