This project is located in Arad, an important industrial center and transportation hub, close to both the Hungarian and Serbian borders. The first phase of CTPark Arad West comprises approximately 44,000 square meters and is already over 40% pre-leased, being scheduled for completion in the first quarter of 2024.
The park has high visibility and direct access to the A1 motorway and to the future Bucharest-Timisoara-Arad-Nadlac motorway, which makes up the Pan European transport corridor, linking western Europe to Southeast Europe.
The 12-meter-high building, once completed, will provide a high quality, efficient storage facility for products and/or raw materials, being equipped with environmentally friendly features to provide energy and cost efficiencies for tenants.
The project is planned to accommodate some 100,000 sqm in multiple buildings of different types, both for medium and large companies. The industrial project is being developed to meet a BREEAM Excellent sustainability certification.
“CTPark Arad West is the ideal city center solution for both manufacturing and storage requirements, enabling businesses to grow within a single location, and with easy access to multiple transport connections., CTPark Arad West incorporates the latest light industrial and warehousing standards and the quality of the space and its excellent location is reflected in the considerable interest we’ve had in the site, with over 40% already committed by multinational companies. This latest CTP offering in Arad will provide an exceptional quality park, park, a dynamic business environment and amenities which will act as a magnet for the workforce,” said Ana Dumitrache, Managing Director of CTP Romania.
In Romania, CTP owns a portfolio of approximately 2.5 million sqm of Class A warehouses located in multiple cities, among which Arad, Brasov, Bucharest, Oradea, Sibiu and Timisoara.