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CTPark Timisoara: CTP invests over EUR 13 million for logistics park expansion

23

08

2017

CTP’s portfolio in Timișoara includes two logistic parks: CTPark Timișoara I that was acquired in 2015 (total size of 10,000 m²) and CTPark Timișoara II which extension is currently under development.

CTP invests over EUR 13 million in the extension of CTPark Timișoara with 32,000 m², due to the increasing demand in the area. The construction works at the extension of CTPark Timișoara are ongoing and will be finalized in December 2017.

The structure of CTPark Timișoara II consists in one facility of 15,000 m², that will be occupied by a strategic client, and two other spaces of 8,500 m² each, available for lease. The warehouses have been designed to meet CTP’s premium building and environmental standards: they will feature a 12 m² clear height, which is the highest on the Romanian industrial stock, and allows clients to benefit from more storage space. Other important features are: insulation systems incorporating technologies that provide maximum energy efficiency; interior and exterior artificial lighting with new Smart LED technology, as well as illuminating hatches from the ceiling that will offer natural light. All materials used for the construction of the warehouses are provided by ISO certified suppliers. The quality of the materials and the buildings characteristics that exceed the standards of the market also reflects in the indoor temperature that is optimal all year long: 14-15 degrees in winter and 22 degrees in summer, in conditions of maximum energy efficiency. CTP is a long-term owner of its buildings and has implemented internationally energy efficiency and resource savings measures all across CTP portfolio and CTPark Timișoara is no exception. Low emissions and the low use of harmful refrigerants place the warehouses high in the green industrial buildings ranking.

“We decided to start construction for CTPark Timișoara II because we signed a lease contract with a strategic client. They wanted to expand their facilities in order to accommodate the needs of their growing business in the region. Another reason was the increasing of the demand in Timișoara area and the necessity for premium industrial and logistic spaces that are more than facilities for depositing merchandise! I notice with excitement that there is a clear upward trend on the logistics and industrial segment in Romania. The local market has a tremendous capacity to develop, especially if we take into consideration the figures: in Czech Republic, for example, there are approximately 400 m² of industrial space per 1,000 inhabitants, in comparison with Romania where the density is of 128 m² per 1,000 inhabitants,“ stated Ana Dumitrache, Country Head of CTP Romania.

The existing CTPark Timișoara I was acquired in 2015 is currently fully leased by names such as: Altex, eMAG and Soehner. After the completion of CTPark Timișoara II, the park will total 32,000 m² gross lettable area, of which 17,000 m² will be available for lease. CTPark Timișoara offers flexible space distribution starting with minimum 1,500 m² up to 8,500 m².

Located at 3 km away from the International Airport of Timișoara and very close to the A1 Highway to Arad and the Timișoara ring road, CTPark Timișoara benefits from a perfect location for distribution, logistics and manufacturing companies, with direct access from National Road 6/European Road 70. Timișoara, as the 4th largest city in Romania, is a top location for manufacturing and logistics in, as well as a high-tech and manufacturing cluster.

More info about CTPark Timișoara II: https://www.ctp.eu/parks/timisoara-ii