CTP Romania Wins Big at SEE Real Estate Awards 2018

#Corporate

20. 04. 2018

CTP wins ‘Industrial project of the year’ and ‘Warehouse Developer of the Year’ at Europa Property SEE Real Estate Awards 2018

These awards are an important international recognition of CTP’s activity on the local market, the extraordinary pace of development, and the high quality of its warehouses and services. One of the company’s largest and most ambitious projects to date is CTPark Bucharest West, the premium industrial and logistics park prominently located just 23 kilometres west of Bucharest city centre with direct access to A1 motorway. CTP has developed the park at a spectacular pace in terms of total surface area and leads the market in terms of growth rate. Currently, CTPark Bucharest West comprises 227,000 m² of A-class warehouses leased to numerous clients such as: Quehenberger Logistics, Tibbett Logistics, KLG Europe Logistics Romania, Geodis, NOD (Network One Distribution), DSV Group, Van Moer Logistics, etc.

By the end of 2018, CTP plans to deliver area another 175,000 m² of premium warehouse space in the park with construction finalized between Q2 and Q4. The “Industrial Project of the Year” award granted for CTPark Bucharest West recognized also the high quality standards and green technologies used throughout this park.

“We are truly honoured to have received the Industrial Project of the Year award, as well as for being nominated in the category of Warehouse Developer of the Year award. For us, this represents international recognition of CTP’s team efforts in developing efficient and high-quality projects and delivering well-built warehouses, designed according to our customers’ needs”, stated Iulia Busca, Business Development Manager at CTP Romania.

CTP also received a nomination for CTPark Timisoara II, in the “Industrial Project of the Year” category. CTPark Timisoara II is a 32,000 m² industrial and logistics park with a structure consisting in a 15,000 m² GLA storage space that is occupied by a strategic client and two other spaces of approximately 9,000 m² GLA each.

2017 was notable as the year of the highest pace of development since CTP entered the local market. CTP Romania has set a clear goal to grow its portfolio of total lettable area to 1.5 million m² by 2019, with demand driven primarily by CTPs long-term clients.

The 13th annual Europa Property SEE Real Estate Awards Gala was held in Bucharest, Romania. The important event brings together the most active international managers, developers, bankers, investors, lawyers and other CRE professionals operating in South East Europe. The Gala was attended by numerous industry professionals from major companies operating in commercial real estate, investment and construction industries.