CTP continues its national and international expansion in 2018

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, continues its expansion process, both nationally and internationally, throughout 2018.

2018-02-01 15:44:02

The company will finalize almost 70,000 sqm GLA located in the parks from Cluj-Napoca, Pitesti and Timisoara. CTP also expanded its international portfolio, from 4.1 million sqm of A-Class properties, to 4.5 million sqm situated in more than 80 strategic locations.

This year the company will finish the developments began in 2017 in its parks situated near
Cluj-Napoca and Timisoara and will continue the development of the logistics park located near Pitesti. The approximately 70,000 sqm GLA that will be delivered this year, are distributed as following:

In CTParkCluj II, the logistics park situated in Floresti, three warehouses with a total surface of 30,000 sqm GLA are currently under construction and will be finalized in Q2 2018;
In CTPark Timisoara II, a property located near by the International Airport of Timisoara, a 9,000 sqm GLA building will be delivered in Q2 2018;
In CTPark Pitesti, the park located at 10 km from Pitesti, two buildings with a total surface of 30,000 sqm GLA are being built with the delivery estimated for Q1 – Q2 2018.

"CTP will continue its fast growth this year, both on the local and international markets. We have established precise targets, which we plan not only to reach, but to overcome in the next period. We aim at increasing our Romanian logistics spaces portfolio, and to achieve more than one million sqm² by the end of 2018. In Europe, we plan to reach 10 million sqm in the next four years", stated Remon Vos, CEO of CTP and Country Head for CTP Romania.

At national level, CTP's plans for 2018 include an expansion of at least 300,000 sqm, having as main focus the area situated near the capital, where the company owns three logistics parks whose cumulated surface is estimated to reach 680,000 sqm by the end of 2018.