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CTP invests 18 million Euro to buy two logistics parks in Romania

CTP invests approximately 18 million Euro in the purchase of two properties in Ineu and Salonta from the Slovak-based company IPEC Group. Together, the properties comprise a total land area of 119,000 sqm, and 37,000 sqm GLA.

2017-08-31 14:17:33

CTP's two new logistics parks are situated in key strategic locations from the Western part of Romania: Ineu, in Arad County - an important industrial centre and transportation hub in the region - and Salonta, situated in Bihor County, very close to the Hungarian border.

"The acquisition of these two logistics parks is part of our strategy to further grow our business and to cover all the strategic areas in Romania," said Ana Dumitrache, Country Head of CTP Romania. "Another criterion was the existing long-term lease contracts of the two important companies that rented the spaces in these parks: Delphi Packard and Inteva. We aim to be present in all the regions where the infrastructure is suited for our clients to conduct their businesses. The demand for A class industrial spaces is growing rapidly and the tenants started to understand the importance of leasing warehouses developed at the highest standards of quality. Therefore, I believe it is the ideal moment for us to accelerate the development rate by acquiring existing facilities and also constructing new ones."

Currently, CTP has parks in ten cities around Romania, of which seven in the Western part of the country: Arad, Cluj-Napoca, Turda, Deva, Timisoara, Ineu and Salonta.



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