CTP, the largest developer, owner, and manager of industrial and logistics spaces listed in Europe, has expanded its presence in Romania by acquiring a significant portfolio from Globalworth, a leading office investor in Central and Eastern Europe (CEE). This acquisition includes 270,000 square meters of Gross Leasable Area (GLA) and 30 hectares of land spread across six key locations in Romania.

The portfolio comprises six industrial parks, providing a strategic mix of locations adjacent to existing CTP parks in Bucharest and Arad, as well as complementary sites in Pitești, Oradea, and Timișoara. This move is set to bolster CTP’s footprint in Romania, introducing 40 new tenants to its diverse roster.

“This acquisition significantly extends our portfolio in Romania by adding over 270,000 sqm and brings 40 new names to our diverse tenant list. We are proud to welcome each new tenant into the CTP family. Additionally, the acquisition includes 30 hectares of surplus land, which allows us to continue our commitment to organic growth in western Romania. This development will benefit not only our tenants but also the local communities,” said Remon Vos, CEO of CTP Group.

Globalworth’s CEO, Dennis Selinas, stated, “By selling these secondary assets, Globalworth reaffirms its commitment to focusing on the office buildings segment, where we hold competitive advantages both locally and regionally. This strategic decision will facilitate the allocation of more resources to expand our core operations, innovate, and deliver added value to our tenants and shareholders. It will also significantly increase our liquidity, providing the necessary capital to seize future strategic opportunities.”

Alessandro Gallinella, founder of AG Business Catalyst, commented, “Our brokerage firm was honored to assist CTP in acquiring part of Globalworth’s fully owned logistics portfolio in Romania. We leveraged our deep market knowledge and strategic approach to facilitate this landmark transaction in the regional real estate landscape.”

This acquisition marks a significant milestone for CTP’s Romanian portfolio, reaching a total of 291 million sqm of modern sustainable Class A warehouses. The expansion positions CTP for continued growth and expansion.

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