by Property Forum | Industrial

CTP, the industrial and logistics developer, has acquired seven buildings covering 153,000 sqm from Olympian Parks Group for an undisclosed sum. The assets are located in Brașov, Timișoara, and the south of Bucharest, which are some of the cities with the biggest stock of warehouses. 

 

“We have concluded a number of deals in the past two years and with strong demand from occupiers, especially manufacturing companies and e-commerce operators, which has risen from 3% in 2020 to 9% today, believe that we will continue our growth trajectory here,” said Ana Dumitrache, Country Manager, CTP Romania. 

CTP said the latest deals brings its total industrial stock in Romania close to its 2 million sqm target. With the latest additions to the portfolio, the company is present in 13 cities. 

Timișoara is now the second-largest location for CTP in Romania, after Bucharest.