The Romanian commercial property market has turned over a new leaf in recent years. Thanks to growing interest from international investors 2017 is set to become a record year on the Romanian investment market. The industrial market is among the segments growing especially strongly with one player in particular expanding its portfolio rapidly. Ana Dumitrache, Co-Country Head of CTP Romania shared her take on the Romanian market.

Július Hájek joins CTP as a new Head of Marketing. Július will be responsible for marketing strategy and execution as well as PR activities in all CTP markets throughout central Europe.

CTP has acquired two logistics parks located in Western Romania from Slovak group IPEC for €18 million. The two assets are located in Ineu, Arad County and Salonta, Bihor County and have a total leasable area of 37,000 sqm.

CTP has agreed to sell its non-core assets to DMO Invest for approximately €40 million. The sale involved CTP’s subsidiary CT Retail—a holding company for a portfolio of supermarkets and other retail properties.

CTP recently closed on two acquisitions, known among the CEE real estate industry as the Aviva and IPEC deals. The company acquired two buildings in the Czech Republic and two buildings in Romania. At the same time, CTP disposed of two non-core assets in Bratislava and Prague.

CTP, the European Bank of Reconstruction and Development (EBRD) and BCR announced the closing of a credit facility totalling €75.8 million, of which €36.7 million were granted by EBRD and €39.1 million by BCR. The loan will support the expansion of CTPark Bucharest West by two new warehouses totalling over 70,000 sqm. The total investment in this expansion phase will reach €108.9 million. With a total planned 600,000 sqm lettable area, CTPark Bucharest West is designed to become the biggest, as well as fastest growing industrial park in the country and the region. BCR acted as mandated lead arranger, documentation, facility and security agent.

CTP has opened a new production plant in South Bohemia, built to suit the needs of Yanfeng Automotive Interiors. The company will produce interiors for passenger cars at the plant which spans a total area of more than 23,000 sqm on two floors.

CTP is launching a new mural art competition for illustrators, visual artists, painters and graphic designers – CTP Art Wall. For this project, CTP will provide enormous space – the walls of their own industrial buildings. In doing so, selected CTParks will create an outdoor art gallery.

CTP continued its expansion on the Hungarian market through the acquisition of Rozália Park, a 57,800 sqm logistics scheme directly adjacent the M1 motorway to the west of Budapest. The seller was Challenger. 

Helaba and pbb Deutsche Pfandbriefbank, acting as co-arrangers, are providing a €177 million facility to developer and investor CTP for the refinancing of CTPark Bor, one of the Czech Republic's largest logistic parks. The loan is being financed in a club deal, with each partner providing 50% of the facility and Helaba acting as agent. The transaction closed in April 2017 and has a term of seven years.