CTP, the largest industrial developer in the Czech Republic, has this year been hitting the headlines for a number of acquisitions in Romania – buying up warehousing properties and parks that are being sold off by players leaving this market. To find out why CTP is heading in the other direction and embracing the Romanian industrial scene, we spoke to the CEO of the company, Remon L. Vos
Nathan North, ‘Eurobuild CEE’: You seem to be focusing on becoming the leading owner/manager of warehouse properties in Romania. Why are you focusing on this country so much and how extensive are your expansion plans there?
Remon l. Vos, CEO of CTP: CTP opened an office in Romania back in 2006 and bought two strategic land plots in 2007 for CTPark projects. One close to Cluj on the Turda motorway exit and the second site CTP bought at that time is located in Piteşti, some 100 km west of Bucharest with close proximity to the Romanian automotive industry. From 2008 until 2013 we did relatively little in Romania and focused on extending our portfolio in the Czech Republic. In 2013 we agreed with one of our existing clients from Germany to build them a factory in Turda, at our existing business park. They’re satisfied with their production facility in the Czech Republic but needed something closer to their client in Romania. Our
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