CTPark Bucharest expands by 95,000 sqm acquisition

CTP acquired 95,000 sqm of buildings from the Australian, Cromwell Property Group, which represented the largest transaction on the Romanian logistics market in 2020. With this acquisition, the company expanded CTPark Bucharest, thus reaching over 500,000 sqm rentable, occupied by over 100 customers.

The acquisition of the buildings previously owned by Cromwell Property Group is a strategic move for CTP. The 12 buildings located inside CTPark Bucharest are flexible and have spaces starting at 1,700 sqm and reaching over 10,000 sqm, all to support a wide range of customers.

“The Cromwell acquisition complements our portfolio and 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 now not operational, but will be brought to life by the middle of next year. Here we will create a CTP Clubhouse with multiple functions – from restaurant and cafés, to fitness and conference rooms, to support residents in attracting quality workforce and easy access to basic services and even entertainment”, declared Andreea Enescu, Transaction Manager CTP Romania. CTPark Bucharest has access to the A1 Highway and 15 km from the center of Bucharest.