News Article CTP development industrial logistics Romania
by Property Forum | Industrial

This year, CTP will finish the developments began in 2017 in its parks situated near Cluj-Napoca and Timișoara and will continue the development of the logistics park located in the vicinity of Pitești.


The approximately 70,000 sqm GLA that will be delivered this year, are distributed as following:
  • In CTParkCluj II, the logistics park situated in Florești, three warehouses with a total surface of 30,000 sqm GLA are currently under construction and will be finalized in Q2 2018.
  • In CTPark Timișoara II, a property located near by the International Airport of Timișoara, a 9,000 sqm GLA building will be delivered in Q2 2018.
  • In CTPark Pitești, the park located at 10 km from Pitești, two buildings with a total surface of 30,000 sqm GLA are being built with the delivery estimated for Q1 – Q2 2018.
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Circa 8,000 sqm GLA from CTPark CLuj II were already leased to one of CTP’s strategic clients, and the rest of 22,000 sqm GLA are available for lease and benefit from a flexible structure that allows space to be divided into different sizes, depending on customer’s needs, from 1,500 sqm to 10,500 sqm.
 
The structure of CTPark Timișoara II consists in an 15,000 sqm GLA storage space that is occupied by a strategic client and other two spaces of approximately 9,000 sqm GLA each, out of which one is leased to an local automotive operator and the other one will be finalized in Q2 2018 and is available for leasing.
 
When the construction of the two warehouses situated in CTPark Pitești II will be finalized, circa 5,000 sqm GLA will be available for future tenants, the rest being already leased.
 
“CTP will continue its fast growth this year, both on the local and international markets. We have established precise targets, which we plan not only to reach, but to overcome in the next period. We aim at increasing our Romanian logistics spaces portfolio, and to achieve more than 1 million sqm by the end of 2018. In Europe, we plan to reach 10 million sqm in the next four year. I am convinced that the current market’s trend, the high quality standards that we offer, our team and the reputation we have built are solid advantaged that will lead to these goals," stated Remon Vos, CEO of CTP and Country Head for CTP Romania.
 
At national level, CTP’s plans for 2018 include an expansion of at least 300,000 sqm in 2018, having as main focus the area situated in the vicinity of the capital, where the company owns three logistics parks whose cumulated surface is estimated to reach 680,000 sqm by the end of 2018.