Polish retailer LPP is positioning its regional distribution center near Bucharest

The Polish retailer LPP, which has Reserved, House, Mohito, Cropp and Sinsay stores in Romania, is making its regional distribution center near Bucharest. The company leased a 65,000 sqm warehouse from the developer CTP in the CTPark Bucharest West project.

BUW24, the building where the retailer has leased warehouse space, will have a lettable area of over 160,000 sqm and is planned for delivery in 2023-2024. With the new area, CTPark Bucharest West approaches the threshold of 1 million sqm and is the largest industrial park in Romania.

LPP has also rented a warehouse of over 20,000 sqm in a logistics park built by the developer WDP in Stefănești, near Bucharest.

Sebastian Sołtys, vice-president of LPP Logistics, said: “The Romanian market has remained one of
the key ones in terms of LPP’s business development for several years now. In just 2.5 years, the number
of LPP branded stores in the country has doubled – from 59 at the end of 2019 to 118 at the end of the
first half of 2022. Taking this into account, the decision to lease a new warehouse facility in Romania
to service the LPP sales network was a natural direction for us. This will be our second warehouse
facility in the country, so we are confident that our knowledge of the market and local conditions will
allow us to further boost our potential as a logistics operator in the region”.

The LPP centre will be located in a newly built monoblock building (with no partition walls) which,
upon completion, will be one of the largest of its type in Romania measuring some 160,000 sqm of
GLA. CTPark Bucharest West spans an area of approx. 770,000 sqm and is located on the A1 highway
around 23 km from the Romanian capital. The park offers a high-quality working environment for its
tenants and over 2,000 employees and, with facilities including a restaurant, coffee shop, medical
services, leisure & entertainment areas, green space and bicycle paths, also serves as a community
hub for neighbouring districts. A supermarket and sports ground are planned for future expansion
phases while the bicycle paths will be extended.

Ana Dumitrache, Country Head CTP Romania, said: “Since 2020 we’ve had regular year-on-year
openings of major distribution centres across our Park, and CTP’s new partnership with LLP comes hot
on the heels of the signing of a 50,000 sqm lease with a major logistics group in late 2022 at CTPark
Bucharest West featuring a new regional distribution hub for its retail client. This second major leasing
transaction in just a few months is further confirmation that Bucharest has passed a tipping point and
is now the logistics centre and distribution gateway for the whole of south-eastern Europe. CTPark
Bucharest West and our other parks in and around the city also enable our partners to access other
leading intra-regional markets via CTP’s Central European core axis to western Europe.”

Source: Economica.net