“We have secured the building permit and works have already started. The first 20,000 sqm will be delivered in fall this year and the rest will be developed in stages until the end of 2021,” CTP officials said.
The project’s first tenant is transport and logistics company DSV, one of the largest in Romania, which announced it has pre-leased 10,000 sqm in the logistical park.
The park operated by CTP is located in Stefanesti, north of Bucharest, and has a total area of 21 hectares with easy access to the city ring road and proximity to the A3 highway.
Early March, CTP acquired Equest Logistic Park for approximately EUR30 million from Forum Serdika. The park is is located at Km 13 on the A1 highway, the ground zero of the industrial and logistic market in Romania.
CTP is the leading warehouse developer and manager in Romania, with a global lettable area of over 1.2 million sqm of Class A warehouses in ten cities: Arad, Bucharest, Cluj-Napoca, Deva, Pitești, Sibiu, Timisoara, Turda, Ineu and Salonta.