CTP, the largest developer and administrator of logistic and industrial class A spaces in Romania, has acquired approximately 112,000 sqm of industrial spaces from Zacaria Industrial, representing parks in four cities, continuing thus the group strategy to be present in new cities, like Craiova and expand their developments in Sibiu, Arad and Oradea.
With this acquisition, CTP is close to achieving its goal for 2021, to develop 2,000,000 sqm of warehouses on the local market.
"We continue to build on our strategic goal to develop in Transilvania and this acquisition adds relevant developments in our regional portfolio. We thus welcome our new clients, who are now part of the big CTP family and we are glad to add a new city, Craiova, on Romanian map”, stated Ana Dumitrache, Country Manager CTP Romania.
In 2020, CTP has also conducted a number of similar transactions, including the acquisition of the A1 Business Park platform in Dragomirești Vale from Cromwell Property Group and that of the Equest Logistic Park industrial park, located on the A1 motorway, near Bucharest, from Forum Serdika.
Until this transaction, CTP owned class A warehouses in 10 cities from Romania: Arad, București, Cluj-Napoca, Deva, Pitești, Sibiu, Timișoara, Turda, Ineu și Salonta.
In Central and Eastern Europe, the company is the largest developer of industrial and logistics parks with a portfolio of 6.6 million sqm which it plans to expand to 10 million sqm by 2023.