CTP strengthens its position as the largest logistics parks owner from the vicinity of Bucharest
This year will be marked by a strong development process in the western part of Bucharest, where CTP owns three properties.
Overall, the company scheduled the delivery of approximately 236,000 m2 GLA near Bucharest, distributed as follows:
During 2018 the refurbishment works that are currently taking place in the logistics park from Chiajna (former Phoenix Logistics Center) will be also finalized. This park was acquired by CTP in 2017 and integrated in CTPark Bucharest. The last phase of the upgrade and refurbishment process will start in Q2 2018 and will end in Q3 this year.
In 2018 CTP will continue to grow rapidly, at the same pace that it had last year, which was the best year of CTP since its entrance on the local market. Company plans to focus in an equal manner on constructions and acquisitions of new properties - it will keep on developing intensively in the vicinity of Bucharest, because this is the area with the highest demand for leasing industrial and logistics spaces throughout the country. The largest area of new storage facilities will be delivered in CTPark Bucharest West. CTP's goal is to make tit he biggest logistics park in Eastern Europe in the next two years.
CTP’s plans for 2018 include, among other projects, the completion of the developments began in its parks from Timișoara and Cluj-Napoca as well as continuing the development of CTPark Pitești.