Industrial developer CTP will expand its project in Craiova with a new warehouse of 13,500 sqm that has been fully leased. Following the new investment slated for completion by the end of 2022, the total leasable surface will climb to 53,500 sqm.
Pharmaceutical group A&D Pharma – Dr. Max Group has leased 5,000 sqm in the new building in a bid to streamline its logistics operations in southern Romania. The transaction was brokered by real estate consultancy Cushman & Wakefield Echinox.
“We are confident that the sustainable development of the pharmaceutical sector and e-commerce will continue to be among the drivers of the warehouse market in Romania," said Rodica Târcavu, Partner Industrial Agency at Cushman & Wakefield Echinox.
Ana Dumitrache, Country Head CTP Romania, added: "We entered the Craiova market last year through the acquisition of CTPark Craiova East, an industrial park that we which we are already expanding and which will exceed 53,500 sqm by the end of the year. It is an investment that demonstrates our long-term commitment to Craiova, a community we trust and where we want to grow."
CTP aims to expand its Romanian portfolio by 2.5 million sqm by the end of 2022.
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