Some of the spaces included in the construction plan are already leased by companies operating in the logistics and manufacturing sectors.
CTP Romania, market leader in the field of industrial developments, with a total built area of over 1,250,000 square meters, continues its development plans in the region of Transylvania and announces an investment of EUR50 million in expanding the logistics parks near the western city of Timisoara. Thus, the company will double the leasable area of industrial spaces until the end of 2023.
CTP’s decision to continue its expansion plans and investments in Romania comes in an unstable economic context caused by the coronavirus pandemic, but the company is focusing on the growth potential of the region of Transylvania. Timisoara is a strategic hub on Romania’s logistics space map, well connected with the rest of the region and enjoys skilled workforce, with an excellent reputation and a huge know-how, especially in the electronics industry.
The company’s current objectives target particularly the expansion of the ctPark Timisoara II logistic park, with a first building of 32,200 sqm, already leased and located in a strategic area, near the Timisoara airport and the A1 highway. The building is a cross dock, multifunctional facility and can be adjusted to the specific needs of customers choosing CTP as partner. In the second phase of construction, which starts this fall and is set to end in March 2020, CTP will deliver an additional 17,000 square meters within the ctPark Timisoara II.
CTPark Timisoara II is located near the ctPark Timisoara I, the first logistics park developed by CTP in western Romania, with a total leased area of 10,000 sqm.