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ROMANIA CTP seals largest deal of 2020

Warehouse & industrial
Czech industrial developer CTP has acquired twelve buildings owned by Cromwell Property Group in CTPark Bucharest for an undisclosed sum.

The purchase of the 95,000 sqm of warehousing from Australian investor Cromwell Property Group is the largest on the Romanian logistics market this year, according to CTP. CTPark Bucharest, which is being developed by CTP, is to have a total leasable area of 500,000 sqm by the end of this year, with more than 100 tenants – mainly from the e-commerce and logistics sectors.

Our plan is to redevelop the park so that we bring it to CTP standards, through energy efficiency, taking into account the appearance of the buildings. It is worth mentioning that the Cromwell portfolio includes a multifunctional building, which is not now operational, but will be brought to life by the middle of next year. Here we will be opening a CTP Clubhouse with multiple functions – from restaurants and cafés, to fitness and conference rooms, to support tenants in attracting a quality workforce by giving them easy access to basic services and even entertainment.
Andreea Enescu, the transaction manager at CTP Romania

CTPark Bucharest is situated on a 100 ha site close to the A1 motorway and 15 km west of the centre of Bucharest.

Andreea Enescu, the transaction manager
at CTP Romania

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