CTP announces the largest acquisition on the Romanian logistics market in 2020, expands portfolio by 95,000 sqm

CTP, the largest developer and long-term administrator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, acquires 95,000 sqm of buildings from the Australian Cromwell Property Group, representing the largest transaction on the Romanian logistics market in 2020. 

With this acquisition, the company expands CTPark Bucharest, thus reaching over 500,000 sqm rentable, occupied by over 100 customers.

“The Cromwell acquisition complements our portfolio at km 13 of the park situated on the A1 Highway. Our plan is to redevelop the park so that we bring it to CTP standards, through energy efficiency, taking into account the appearance of the buildings. It is worth mentioning that the Cromwell portfolio includes a multifunctional building, which is now not operational, but will be brought to life by the middle of next year. Here we will create a CTP Clubhouse with multiple functions – from restaurant and cafés, to fitness and conference rooms, to support residents in attracting quality workforce and easy access to basic services and even entertainment,” said Andreea Enescu, Transaction Manager CTP Romania.

The transaction was managed by the real estate agency JLL, under the oversight of Silviana Petre, Managing Director.

CTPark Bucharest is strategically located on the logistics map of the country, with access to the A1 Highway and 15 km from the center of Bucharest. At the moment, the park offers more than 500,000 sqm rentable for more than 100 companies in the e-commerce and logistics sectors.