CTP announced its expansion plans for the Transylvania area. The developer plans to double the leasable area of logistics spaces in the Transylvania region until 2023 by investments of €50 million in the expansion of its two logistics parks around Timișoara. Some of the spaces included in the construction plan are already leased to companies from the logistics and manufacturing sectors.
CTP Romania, a market leader in industrial development with a total built area of over 1,250,000 sqm, continues its development plans in Transylvania and announces an investment of €50 million in the expansion of the logistics parks around Timișoara. Thus, the company will double its leasable area of industrial spaces by the end of 2023.
CTP's decision to continue its expansion plans and investments in Romania takes place in an unstable economic context caused by the current pandemic, but the company looks with confidence at the Transylvania region and its development potential. The expansion around Timișoara represents the proof of the trust that CTP gives to this region, especially to the western part of the country. Timișoara has proven to be a strategic location, well connected to the rest of the region and benefits from skilled labour force with an excellent reputation and enormous know-how, in particular in the electronics industry.
„The continuation of the CTP expansion plans in Transylvania through the expansion of the Timișoara parks confirms the great trust we have for this region. We have identified numerous development opportunities both in the production area and in the logistics and warehousing area, and our plans won‘t stop here. Beyond the development of the ctPark Timișoara I and II logistics parks, we also aim to expand in the centre of Transylvania, more specifically in the parks of Turda and Sibiu,“ Emilia Țepeș, CTP Business Development Manager for Transylvania said.
The current plans are focused on the expansion of CTPark Timișoara II, with the first building of 32,200 sqm already leased, located in a strategic area, near the Timișoara airport and the A1 motorway. It has the benefits of a cross-dock, multipurpose building, which can be adapted to the specific needs of customers who choose CTP as a partner. In the second stage of construction that begins this fall and will finish in March 2020, CTP will deliver another 17,000 sqm within ctPark Timișoara II.
ctPark Timișoara II is located near the first park developed by CTP in the western part of the country, ctPark Timișoara I, which has a total leased area of 10,000 sqm.
The building will be built to an "Outstanding" BREEAM standard and will integrate all the necessary features required for the certification. CTP Romania will achieve this through top energy insulation and LED lighting, electric charging facilities, water recirculation and the use of natural light in the warehouse.
