BRD Groupe Société Générale S.A. and the Czech branch of Société Générale, Komerční banka a.s. have granted CTP a credit facility for the industrial park near Bucharest.
CTPark Bucharest West is designed to become the largest logistics park in Eastern Europe. It currently stretches onto 400,000 square meters and development targets 1 million sqm. It is located 23 km west of the Bucharest city center and has direct highway access. Tenants include Ekol Logistics, Quehenberger Logistics, Geodis, Gefco, NOD (Network One Distribution).
CTP owns a considerable Class A industrial portfolio in Romania in Bucharest, Arad, Cluj, Timisoara, totaling over 1 million sqm. The developer has invested around EUR0.5 billion in Romania since entering he market and plans to continue expansion.