The company has recently delivered to its tenants more than 100,000 square meters of space (95% leased) in CTPark Bucharest North, which is currently under development. The CTPark Bucharest North logistics park opened in July 2020.
“We continue to develop our parks in Bucharest and other locations in Romania in response to the strong demand we receive from both existing and new tenants. In CTPark Bucharest North in Stefanesti – Afumati, we have successfully developed and leased over 116,000 square meters,” said Ana Dumitrache, Country Head CTP Romania.
“The pace of letting in this first phase exceeded our initial expectations, so we have accelerated development plans for a further 94,000 square meters, which are currently under construction and will consolidate CTPark Bucharest North as a major new e-commerce and logistics destination. Our investment in CTPark Bucharest North will reach more than EUR160 million this year with the delivery of the buildings under construction and CTPark Bucharest North will become the third largest CTP park in Romania.”
The project is located in the Stefanesti – Afumati, on Bucharest’s Northern Beltway, close to the A3 highway and the National Road 2 (DN2). A number of companies have already rented space, including the online supermarket sezamo.ro, part of the Czech Rohlik Group, Micul Fermier (supplier of tools and equipment for the home and garden) and Boutique Mall (fashion and accessories retailer).
Romania has seen the fastest growth in online shopping of any market in Central and Eastern Europe, with a rate of 27% over the last five years, compared with 25% in the Czech Republic and Croatia.
(English version by Loredana Fratila-Cristescu)