CTP Signs Agreement with NOD for 30,000 m2
Bucharest, 23rd March 2017Network One Distribution (NOD) and CTP signed an agreement for NOD to lease more than 30,000 m2 of warehouse space at the CTPark Bucharest West. NOD is the leader in electro-IT sector which successfully grows on the Romanian market. NOD is a main provider of the retail networks with a network of 3,000 clients. The newly built logistics centre will be handed over by the end of summer this year, and will help NOD to improve and extend its services during the 4Q peak season.The two companies agreed to long-term cooperation, and CTP has committed to further support NOD’s growth. The investment is estimated at approximately EUR 15 million and the property is built in accordance with the CTP’s latest 2020 white book standards. “We are continuously investing in the improvement of our standards. We are upgrading interior office fixtures, bath and shower room furnishings, LED lighting, fire safety and loading bay doors, to name a few,” says Marian Orzu, Head of Leasing and Business Development Department, Romania.The CTPark Bucharest West is the largest and fastest growing logistics business park in Romania, strategically located close to the city of Bucharest. The park offers 200,000 m2 of warehouse space. CTP plans to construct an additional 100,000 m2 before the end of 2017. Furthermore, CTP plans to continue developments beyond 2017, and the total potential built-up area at the park exceeds 500,000 m2. Currently, there are approximately 1,000 people employed at the park, and CTP expects this number to grow to at least 2,000 people by the next year.