LPP Group leases 42,000 sqm in CTPark Bucharest West

05
Dec
2024
News - LPP Group leases 42,000 sqm in CTPark Bucharest West #Bucharest #CTPark Bucharest West #industrial #Ionuț Anghel #logistics #Romania

by Property Forum | Industrial

Polish fashion producer LPP has leased 42,000 sqm in CTPark Bucharest West, which takes the total occupied area in the project to 131,000 sqm. 


The group signed its original lease at CTPark Bucharest West for 65,000 sqm in 2023 to create its first foreign distribution centre in Romania. The company soon expanded its facility in 2024 to bolster its e-commerce operations, increasing its total footprint to 90,000 sqm. 

LPP’s facility at CTPark Bucharest West, managed by LPP Logistics, includes conveyor systems and workstations with the capacity to store up to 25 million items. 

“CTP Bucharest West is a state-of-the-art industrial park and role model in CTP’s portfolio – it offers a unique environment for clients like LPP and is always able to respond to their requirements. Our adjacent landbank of 1.8 million sqm offers development potential of 900,000 sqm, which would nearly double the size of the park, and is another reason our clients believe in CTP as a reliable and trusted partner for growth,” says Ionuț Anghel, Regional Development Manager at CTP Romania. 

CTPark Bucharest West is the largest industrial park in CEE spanning approximately 857,000 sqm. 

CTP owns industrial spaces with a leasable area of 12.6 million sqm across 10 countries. 




New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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