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CTP acquired Phoenix Logistics Center for 7 million Euro

CTP acquired Phoenix Logistics Center with approximately 7 million Euro from the Dutch company LSREF3 Alpha Dutch Holdings B.V.

2017-11-09 17:10:07

Phoenix Logistics Center (PLC) was integrated in CTPark Bucharest and is located in Chiajna, at the crossroad between A1 motorway and "Centura" ring road, at only 10 kilometres distance from the Bucharest's city centre. PLC has a total surface of 43,000 sqm, out of which 21,000 sqm lettable area.

The rentable areas are ideal for storage, logistics, distribution and light industry activities. PLC is fully leased at the moment to DB Schenker. The developer's plans for the logistics park in Chiajna include an upgrade and refurbishment throughout the park. The total investment for these processes is estimated to reach 1.5 million Euro.

"We are decided to increase our stock of logistics and industrial spaces in order to reach a total leasable area of approximately one million sqm in Romania by the end of 2018," said Ana Dumitrache, Co-Country Head of CTP Romania. "The demand is high and I am very optimistic that we will accomplish this target and even exceed it. Phoenix Logistics Center has an ideal location for a logistics park: extremely close to the city centre and with very good commercial exposure due to the direct access to A1 motorway and the city ring road."



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