Logistics developer CTP plans to reach 1 mln sqm in Romania

CTP, one of the biggest industrial parks developer in Romania and the CEE region, will add at least 300,000 sqm of new logistics facilities in Romania this year. The expansion will increase the leasable surface of its local logistics parks to over 1 million sqm. The company will complete the construction of several warehouses and start new developments in its three logistics parks situated in the vicinity of the capital: CTPark Bucharest West, CTPark Bucharest and CTPark Bucharest North (former Chitila Logistic Park). Overall, the company scheduled the delivery of approximately 236,000 sqm of new storage and industrial facilities near Bucharest. By the end of 2018, the total surface of the three logistics parks will reach approximately 680,000 sqm. CTP will also refurbish the former Phoenix Logistics Center in Chiajna, which it acquired last year and integrated in CTPark Bucharest. “In 2018 we will continue to grow rapidly, at the same pace that we had last year, which was the best year of CTP since its entrance on the local market. We plan to focus in an equal manner on constructions and acquisitions of new properties. We will keep on developing intensively in the vicinity of Bucharest, because obviously this is the area with the highest demand for leasing industrial and logistics spaces throughout the country,” said Ana Dumitrache, co-country head of CTP Romania. CTP’s plans for 2018 also include the completion of the developments began in its parks from Timișoara and Cluj-Napoca as well as continuing the development of CTPark Pitesti. editor@romania-insider.com