CTP further expanded its portfolio in Romania and in the vicinity of Bucharest where it owns three properties: CTPark Bucharest West, CTPark Bucharest and CTPark Bucharest Chitila. Also, CTP brought an ambitious Business Development Manager in Transylvania – Emilia Tepes, to double its portfolio in the region.
The most recent purchase finalized is located near the capital, on the A1, at km 13, which was bought with approximately 30 million euro from Forum Serdika, in the beginning of March 2020. Equest Logistic Park covers an area of 11 ha split into 2 plots of land fully developed holding 3 (three) logistics buildings, fully occupied. The project boasts a GLA of 57,000 m2.
“This acquisition represents a significant opportunity to further consolidate CTP’s dominance at km 13, where we boast one of our main hubs in Romania, CTPark Bucharest. I do believe in Romania’s development capabilities in terms of infrastructure and attraction of new investments. The acquisition will enable CTP to access a new range of tenants that prove strong opportunities to grow their operations in Romania,” stated Ana Dumitrache, CTP Romania’s Country Manager. CTP plans to incorporate built-to-suit buildings with specifications matching key occupier requirements. “We are decided to increase our stock of logistics and industrial spaces which is now at 1,200,000 m2 GLA of A-Class warehouses spread throughout Romania”, further explained Ana Dumitrache.
CTP is extending its business development team with Emilia Tepes joining the management department. Emilia will take charge of CTP´s Transylvania business development activity. Emilia’s challenge is to fill up all existing buildings of CTP in Transylvania, but also to grow the local portfolio by 15% at least annually, which is the growth rate of CTP group in general, and actually double Transylvania portfolio until 2023. “I am very happy and proud to have been invited to join CTP team, the largest industrial park developer in Central & Eastern Europe. I hope I will be instrumental in assisting CTP to achieve it’s ambitious targets for Transylvania, as I am convinced that the opportunities in this area are vast and we are only at the beginning of their exploration”, says Emilia Tepes.
10 million m2 by 2023
CTP announced a new aggressive growth plan to achieve a portfolio size of 10 million m2 by 2023. Company is currently considering partnering with a strategic investor. CTP achieved a capital base of over EUR 2.5bn at the end of 2019 and the company is well placed to achieve the target of growing its portfolio to 10 million m2 of lettable area by 2023. The size of the portfolio under consideration for sale is confidential. The CTP logistics portfolio is based in the core markets of central Europe including the Czech Republic, Slovakia, Hungary, Romania, Serbia and Poland and is comprised primarily of CTP-developed premium space, occupied by some of the world’s most respected and innovative companies, who represent a wide range of business sectors. At the end of 2019 CTP’s entire portfolio including offices and hotels stood at over 5.5 million m2 with a further 760 thousand m2 under construction. CTP holds the leading market position in the Czech Republic, Slovakia, Hungary and Romania with a rapidly growing presence in Serbia. CTP has a track record of success, with over 21 years of continual growth based on its commitment to high quality buildings, sustainable building practices, and high level of in-house customer service. The CTPark Network is central Europe’s largest system of strategically located parks, covering 6 countries, with over 500 clients. Customers benefit from the Network’s scale and reach across the growth markets of central Europe, and can grow their business in the locations that best suit their needs, knowing they have a long-term development partner in CTP, whose vision aligns with theirs. CTP is also committed to reducing our carbon footprint and we have the target to have carbon neutral property operations by 2023.
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An article published in the exclusive supplement – “Market pulse report, Romania – The new normal” | June 2020
A property market tour, including major cities, with projects status and updated opportunities at the end of the lockdown in Romania – June 2020. | Essential news with the current status of further investments, clients and partners relations, new priorities for the post crisis cycle. | B2B communication report – to help you mark your statements during the changes period.
Content partner: Crosspoint
Partners: CA IMMO, CATTED Business Park, Cluj Business Campus, Vox Property Group
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