ARTICLES LABELLED WITH TAG CTP

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.

The modern stock of industrial spaces in Romania reached 5.9 million sqm in the first semester of 2022, with 500,000 sqm under construction and 44% of this volume already pre-let, according to a report by real estate consultancy CBRE.

Industrial developer CTP Group has recently delivered over 100,000 sqm in CTPark Bucharest North, which is becoming a new logistics hub for e-commerce companies. Following an investment of €160 million, this further expansion at the park is expected to push the total leasable area above 200,000 sqm by year-end.

Industrial developer CTP has started the construction of CTPark Oradea Cargo Terminal, the first industrial park with an air cargo terminal in Romania. The project is located close to Oradea Airport and the Eurobusiness II industrial park.

Seldom does a “one size fit all” approach work in ESG, says Adam Targowski MRICS, CTP’s recently appointed Group Head of ESG. He talked to Property Forum in detail about the meaning of these three magic letters for him and the company.

Industrial and logistics developer CTP reported like-for-like rental growth of 4.8% in the first quarter across its investment portfolio in European markets.

7R has finalized the sale of a portfolio of several projects to CTP Group. The portfolio includes projects in the development phase, such as in Warsaw and Katowice, as well as others throughout Poland which are in the pre-development phase.

Inflation is putting pressure on developers to increase rents. Luckily, in some markets, such as the Czech logistics market, buoyant demand is helping drive rental growth. Jakub Kodr, Head of Business Development at CTP Czech Republic talked to Property Forum about the company’s expansion plans, dealing with inflation and changing demand dynamics.

Industrial developer CTP Romania has appointed Răzvan Danciu as Head of Property Management for its portfolio comprising 2.1 million sqm. 

Industrial developer CTP reported a net profit of €1 billion in 2021, up 306% year-on-year over expansion across the Central and Eastern Europe markets and increasing demand for warehouse space.