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ROMANIA/CZECH REPUBLIC CTP readies Bucharest and Plzeň parks for first tenants

Warehouse & industrial
Czech warehouse developer CTP is developing a new logistics park in Romania – CTPark Bucharest North.

The park is being developed in a EUR 65 investment on a 21 ha site in Ștefănești, Ilfov county, close to the A3 motorway and the Bucharest Ring Road. Construction work began on the 100,000 sqm complex in March. The first 20,000 sqm stage is to come into use this autumn, with the next 20,000 sqm stage having been scheduled for completion in Q1 2021. The subsequent three stages should be gradually completed by the end of 2021.

CTPark Bucharest North confirms our commitment to investing and expanding around Bucharest and that our approach to provide seamless, end-to-end property development services, is an asset in our relations with our partners. With 20,000 sqm to be fully delivered this autumn and 80,000 sqm more to come by end 2021, we are confident that our EUR 65 mln investment in CTPark Bucharest North will make it the go-to place for businesses looking to develop in the north of Bucharest.
Ana Dumitrache, the Romania country manager of CTP

Logistics services provider DSV Group is the first tenant of the park, having leased 10,000 sqm of BTS space in the first stage.

CTPark Bucharest North will offer ten flexible warehouse units ranging from app. 2,400 sqm to 15,000 sqm.

CTP has also announced that US packaging manufacturer Ball Corporation is to be the first tenant of CTPark Blatnice, having leased 16,000 sqm in the 64,000 sqm complex, which is being developed on the D5 motorway on the western outskirts of Plzeň.

Ana Dumitrache, the Romania country manager of CTP

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