CTP Reaches 1 million m² Milestone of A-Class Industrial Property in Romania
CTP hit two important milestones recently, both locally and internationally: 1 million m² in Romania in February and 5 million m2 for the group’s global portfolio. With over 300,000 m² of high-quality logistics space delivered in 2018 in Romania alone.
CTP increased the tenant portfolio in Romania to 50 tenants in 15 parks, 85% of which are major players from the logistics industry and 15% are manufacturing companies, reflecting the versatility of its buildings to accommodate any type and scale of business. The vacancy rate in the CTP Park Network is below 5%, which is a strong indication of the healthy development of the company. CTP, together with its tenants, are generating thousands of jobs positively contributing to employment rolls in local communities.
“I am happy to be at CTP for this significant moment, as the company hits the 1 million m2 milestone. This is a psychological threshold, and the work done by the team in order to achieve this amazing result is tremendous. We have big plans in order to grow even more in the next few years. I want to thank our fantastic team, our clients and all of our partners for helping us reach this milestone and continue to be close to us for reaching the vision of transforming Romania and Bucharest, in particular, into a regional industrial and logistics hub,” stated Ana Dumitrache, Country Head of CTP Romania.
2018 was dedicated to setting new records for CTP on the local market. From its beginning in Romania, in 2014 this is the fastest pace yet for finalizing new constructions, with over 300,000 m2 being built-up.
“2018 was a full and extremely successful year for CTP that culminated with reaching this major milestone of 1 million m². In 2019 we are planning to keep our engines running even faster and to strengthen our position as market leader. We aim to achieve a major local portfolio increase, with a 10 million m² targeted for the end of 2020,” added Remon Vos, CEO of CTP.
CTP is a sustainable and responsible developer using the highest technical standards on the market for industrial premises and having the highest energetic efficiency ratings and the lowest energy consumption. One of the main focus will remain CTPark Bucharest West which is the largest master-planned industrial park in Romania as well as central Europe. Currently, the park contains 400.000 sqm built up area and is planned to reach 1 million sqm in the coming years aiming to transform Romania in a logistics hub in Eastern Europe.