CTP to Develop Cargo Terminal at Oradea Airport
Bucharest, 26.08.2021 – CTP, a top five industrial property developer in Europe, plans to diversify its projects on the Romanian market by building a cargo terminal at Oradea Airport. CTP Group was selected to carry out the project following an auction held in August this year. The project will be directly linked to the runway of Oradea airport and involves complex construction work, according to aeronautic standards, with special platforms and parking facilities for aircraft, efficient traffic systems combined with the logistics facilities necessary to make such a project work correctly and efficiently.
The entire project will be built on a plot of 14.4 ha, of which 67,776 m2 will be built area, and over 27,000 m2 will be used for green spaces. The project includes three independent buildings (warehouses and hangars) and a platform of 22,100 m2, which includes the taxiway, the platform for access, running, and parking of aircraft, in addition to car access and the parking garage for the terminal.
The project is strategically important for the company, being the first CTP project in Oradea and having a public infrastructure component consisting of the connection between the project and the taxiway. The plan is for the first phase of the project to start in the Q4 2021 and for construction to take place during 2022. The second and third phases of the project will take place in 2023. The handover is scheduled towards the end of 2023.
CTP ranks in the top five industrial property developers in Europe and is the largest developer of industrial and logistics parks in Central and Eastern Europe, owning over 6.6 million m² of logistics space and operating in nine countries in the region.
The company aims to expand its property portfolio by up to 10 million m² by 2023.
CTP Group is a recognized leader in the ownership of industrial and logistics parks built according to the highest standards in sustainability in this sector, at European level. At the end of March 2021, CTP obtained BREEAM certifications with “Very good” or “Excellent” ratings for its entire portfolio of properties in Central and Eastern Europe and will achieve the goal of reducing its carbon footprint by the end of this year. .
Since the end of March this year, CTP is listed on EURONEXT Amsterdam. Following the offer, the total issued and existing share capital consists of 397,017,000 shares, which implies a market capitalization of 5.6 billion euros. The offer price was set at 14 euros per share.
For more information visit https://www.ctp.eu.
In Romania, CTP is the largest developer and manager of A-class logistics and industrial space with over 1,700,000 sqm of leasable area located in ten cities: Arad, Bucharest, Cluj-Napoca, Deva, Pitesti, Sibiu, Timisoara, Turda, Ineu and Salonta.