CTP Invest puts EUR 100 million in three industrial projects

According to Laurentiu Catalin Hanu, business development manager at CTP Invest Romania, the developer is mainly interested in areas with an industrial tradition and located next to the main national and international transportation routes. “We look for future developments in Craiova, Iasi, and Constanta representing a potential target for a logistic development. Locally, it seems that the demand on the market mainly targets the logistics spaces compared to the industrial production spaces,” said Hanu. CTP Invest aleady acquired 600,000 sqm land in Romania for developing the industrial projects, with the first industrial unit to be fully delivered within three years. The works at Bors-Oradea CTPark, worth EUR 19.5 million, are planned for H1 of 2008. The project delivers almost 34,000 sqm built area. The second project to be developed at Pitesti will be delivered in H2 of 2008. The biggest project developed is CTPark Cluj, worth EUR 50 million, will be ready to rent spaces by the end of 2009. According to Hanu, the biggest area rented within the industrial spaces is 10,000 sqm in CTPark Bors.

Magda Purice