CTP and A&D Pharma sign a 10 year partnership for a 9000 sqm warehouse in CTPark Sibiu
Bucharest, 13 July 2021: CTP leased a 9,000 square meters (sqm) warehouse in CTPark Sibiu to A&D Pharma, a subsidiary of Dr.Max Group, which owns the pharmacy chain with the same name. The strategically positioned industrial park, situated in the centre of the country has a built area of 20,000 square meters in 2 distinct buildings and a development potential of over 100,000 square meters.
The leased warehouse will be fully customised according to the client’s requirements. Its temperature will be fully controlled, to ensure the optimum storage conditions for the various types of medical supplies sold by A&D Pharma in full compliance with current regulations. The high-quality construction standards of CTP warehouses also contribute to the overall efficiency of the buildings and reduce the overall consumption of utilities.
This will be the second largest distribution hub for A&D Pharma, after the one in Bucharest, which currently has an area of over 27,000 sqm. By positioning in the proximity of the Ring Road and of the Sibiu – Arad Highway, the new warehouse will facilitate the supply chain process both for the pharmacies located in the Central and Western parts of the country and for the distribution of online orders, a business line which is currently in full development in the Dr.Max group.
The transaction has been brokered by the Cushman & Wakefield Echinox real estate consulting company, which provided support for A&D Pharma in analysing the available options and choosing the solution that meets the requirements in terms of layout, customization options according to the client specifications, and negotiating the commercial terms of the transaction.
With 6.3 million m² of logistics space in eight countries, CTP is the largest industrial property developer in Central and Eastern Europe. At the beginning of 2021, the company became the most environmentally-friendly devel-oper in the region, thanks to receiving the prestigious BREEAM certificate for its entire portfolio and achieving carbon neutrality. In March this year, CTP was listed on Euronext Amsterdam, the oldest stock-exchange in the world.