The group that started building warehouses in Czech Republic two decades ago currently accounts for a quarter of the local modern logistics and industrial space.
CTP has invested more than EUR500 million in Romania. At an investment yield of 8%, its projects should be worth EUR600 million, considering a EUR4/square meter rent per month, according to ZF’s calculations.
“In five years, we hope to double the built-up area. we believe we will see new investors in logistics, manufacturing or e-commerce that will come in Romania,” Remon Vos, CEO and main shareholder of CTP, said.
The infrastructure in Romania will develop, salaries will rise, plants will invest more in process automation and CTP will invest more in properties and the legislation in certain fields will change, Remon Vos added.
Remon Vos, 48, started CTP together two other investors 20 years ago to build Class A industrial properties in Czech Republic. In 2014, the company started its regional expansion, investing in Hungary, Slovakia and Romania. In five years, CTP has accumulated more than 5 million square meters of logistics space in eight countries. In Romania, CTP has 15 parks in Arad, Bucharest, Cluj-Napoca, Deva, Ineu, Pitesti, Salonta, Sibiu, Timisoara and Turda. Vacancy rate in CTP’s parks is less than 5%.
CTP has recently signed the acquisition of 22 hectares of land in NE Bucharest to develop more logistics space.
(English version by Loredana Fratila-Cristescu)