News Article Bucharest CTP development industrial investment Romania
by Property Forum | Industrial

CTPark Bucharest West currently has 100,000 sqm of new space under construction. The company has big plans to extend the park, having recently purchased more land to allow for a total built-up of more than 700,000 sqm, potentially making CTPark Bucharest West the largest industrial park in Central Europe. The total investment for CTPark Bucharest West alone will exceed €150 million by Q1 of 2018.

CTP started its activity in Bucharest in 2015 after acquiring approximately 100,000 sqm of warehouse space at the 23 km of the A1 highway. Since then, CTP has completed an additional 100,000 saqm for clients such as Geodis, DSV, Profi, NOD and Queenberger, Already, nearly 1,000 people are employed by various companies at the park, many of which are growing due to the increase in e-commerce.
In close cooperation with the local authorities, CTP is now investing into infrastructure improvements, including additional access roads, motorway exit, etc. In return, CTPark Bucharest West benefits from having an industrial park title, the only business park in Bucharest whereby tenants are free from property tax obligations.
In addition to the utilities and infrastructure, CTP offers full-service property management on site. Additional park services will include catering, restaurants, shuttle bus and even accommodation facilities to support tenants in the park.