CTP to deliver 20,000 sqm at Bucharest North park this fall
CTP announces that the first 20,000 sqm of its CTPark Bucharest North logistics project will be delivered this fall. The rest of the park will be developed in stages by the end of 2021. CTPark Bucharest North's first tenant is DSV Group, a global supplier of transport and logistics and a long-term partner of CTP. The 10,000 sqm space leased by DSV Group was built according to the needs of the group and will be ready this fall. CTPark Bucharest North is located in Stefanesti, Ilfov County, and will have an operational space of 100,000 sqm. The total investment amounts to €65m.
“CTPark Bucharest North is a proof of 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 delivered fully this autumn and 80,000 sqm more to come by end 2021, we are confident that our €65m investment in CTPark Bucharest North will transform the park into the go-to place for businesses looking to develop in the north of Bucharest,” said Ana Dumitrache, country manager at CTP.