CTP invests in the facilities and infrastructure from CTPark Bucharest West

CTP continues to strengthen its position on the domestic market through a series of major investments in the development of CTPark Bucharest West. Currently, the property's built surface exceeds 300,000 sqm after two new buildings were delivered recently.

2018-07-13 11:04:51

According to CTP's appraisals, CTPark Bucharest West will reach 400,000 sqm built area of A class warehousing space, by the end of 2018. CTPark Bucharest West is designed to become the largest logistics and industrial park in Eastern Europe, with a built area projected to reach one million square meters over the next few years.

CTP just completed and delivered in CTPark Bucharest West two buildings with a total surface of over 100,000 sqm for existing clients, most of which conduct logistic activities

The developer has two other buildings under development, with a total built area of approximately 200,000 sqm, that are scheduled for delivery in a few phases, in 2018 and 2019.

The company will develop new facilities for its tenants and their employees working on site. These modern retail facilities will include:
- a new canteen with 165 seats that will be able to serve between 2000 and 3000 people per day and is scheduled for delivery in Q1 2019;
- a medical point staffed and equipped to provide first-aid, labour medicine and fast-consultation services for all those working in CTPark Bucharest West, that will be finalized in Q1 2019;
- transportation services that will provide a direct connection between the park and the city;
- support services in the recruitment of new work force for CTP's tenants;
- CTBox Units – The three-in-one functionality of the CTBox concept provides showroom, warehousing and office space in one efficient unit. CTBoxes are designed to support a wide range of activities, from test facilities and light manufacturing to R&D and wholesale/retail operations. Built-in flexibility makes it easy to expand or customize CTBox units as business grows. The building will be completed in Q1 2019;
- a new gas station, a supermarket, a truck wash station parking area and service centre are among the other new facilities to be delivered in the next period in CTPark Bucharest West;
- the main road inside the park will also be extended, in order to create more space for the tenants and to ease their transit through the park.

Significant improvements of the local infrastructure are also announced in the future. The local authorities intend to develop a new bridge over the A1 highway, which will decongest the traffic in the area, thus helping to develop CTP customers′ business from the industrial park situated at km 23, as well as the local community. According to current estimation, the necessary construction permits for the bridge will be obtained by the end of 2018, and the construction works will begin in the spring of 2019 and is expected to be completed in Q4 2019.