CTP acquired Phoenix Logistics Center for EUR 7 million
Phoenix Logistics Center (PLC) was integrated in CTPark Bucharest and is located in Chiajna, on the crossroad between A1 motorway and “Centura” ring road, at only 10 kilometres distance from the Bucharest’s city centre. PLC has a total surface of 43.000 m², out of which 21.000 m² lettable area. The rentable areas span from 5,000 m² to up to 21,000 m² and can be used for storage, logistics, distribution and light industry activities. PLC is fully leased at the moment to DB Schenker, the world’s leading global logistics provider that supports industry and trade in the global exchange of goods through land transport, worldwide air and ocean freight, contract logistics and supply chain management.
EUR 1,5 million investment in the refurbishment of Phoenix Logistics Center. The developer’s plans for the logistics park in Chiajna include an upgrade throughout the park in order to reach the quality standards implemented by CTP on all its properties. The refurbishment of PLC will take place in two phases: in the first stage, CTP performs adaptation works in order to meet the ISO standards (fire hydrant installations, emergency lighting system, exhaust system, fire protection systems etc.). The second phase will consist in refurbishment works such as: the replacement of the lighting system with Smart LED technology, and the replacement of the sewage and wastewater treatment systems etc. The first stage will be finalized in December, and the total investment in these two stages is estimated to reach circa 1,500,000 euro. The second phase will start next year.
„We are decided to increase our stock of logistics and industrial spaces in order to reach a total leasable area of approximately 1 million m² in Romania by the end of 2018. The demand is high and I am very optimistic that we will accomplish this target and even exceed it. Phoenix Logistics Center has an ideal location for a logistics park: extremely close to the city center and with very good commercial exposure due to the direct access to A1 motorway and the city ring road”, explained Ana Dumitrache, Co-Country Head of CTP Romania.
Phoenix Logistics Center has spaces for storage activities and also office spaces with all the related services. Among the characteristics of the warehouse there are: a clear height of 10 m, high load bearing capacity of the floors of 5t/ m², sprinkler installation, 7 sectional doors and 38 loading docks.