The logistics park is located on A1 highway, at km 13, and this agreement represents the successful consolidation of CTP’s foothold in the area. The developer also holds three other properties in the vicinity of capital Bucharest: CTPark Bucharest West, CTPark Bucharest and CTPark Bucharest Chitila, respectively.
The logistics project A1 Bucharest Park was developed by AIC RE and bought by CTP, from Vabeld Group, within a transaction concluded on June 27, 2019.
The lands and buildings newly acquired will be fully integrated within CTPark Bucharest and will see the same management standards as the rest of the park, including an appropriate territorial retrofitting and property management. A1 Bucharest Park covers 14 hectares of land hosting eight fully occupied logistics buildings, with a lettable area of 78,000 square meters. The park’s current tenants include, among others, retailers and transportation companies well-known locally and globally, such as Delamode, Augsburg, Kalapod and so on.
The transaction was financed by Alpha Bank, which was provided legal assistance by CMS Cameron McKenna. Throughout the transaction, CTP was assisted by law firm NNDKP, and the financial and fiscal procedures were coordinated by Mazars.