CTPark Bucharest West to Become Largest Logistics Park in CEE

#Corporate #CTParks

In Q2 2018, CTP announced its plans for CTPark Bucharest West to become the largest logistics and industrial park in CEE by 2019, with over 1 million m2 fronting the main A1 highway entering Bucharest.

A strategic logistics location, it has received permits to begin construction of its own bridge and exit ramp, providing a high profile position for businesses just 11 km from the city.

The project consists of A-class commercial spaces in a range of sizes from 8,000 to 150,000 m2, with smaller CTBox units of 500 m2 to support new or smaller businesses.  This new master plan features well landscaped greenery and public transportation on site to support the large, highly skilled labour pool. Above-standard amenities and services such as a quality modern canteen, medical point, gas station and truck wash are all included in the new plan to further enhance the already-successful busines park.

Due to its location just beyond the city borders, businesses who locate there can avail themselves of the tax free advantages.

Other Romanian projects are moving swiftly, and in 1H we agreed deals worth over 140,000 m2 and have nearly 60,000 m2 pending. Activity is taking place all over the country with most of it centered near Bucharest, but we have agreed with many clients at other parks such as Sibiu, Timișoara, Deva, and Pitești. We have nearly 410,000 m2 currently in preparation or under construction across the country, half of which to be completed Q1 2019. We are starting an additional 100,000+ m2 at Bucharest West, having recently handed over more than 100,000 m2 to clients such as N.O.D, DSV and Quehenberger.

 

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