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CTP to invest over 150 million Euro for CTPark Bucharest West by the first quarter of 2018

CTP continues to strengthen its status on the domestic market through a series of important investments in the development of CTPark Bucharest West. The total investment in the CTPark Bucharest West will exceed 150 million Euro by the first quarter of the next year.

2017-09-27 16:46:10

The company currently has 100,000 sqm under construction in CTPark Bucharest West, and significant plans to continue this expansion. In order to achieve this, CTP acquired land in the area so that it could reach a built area of more than 700,000 sqm by 2020.

CTP aims to heavily invest in improving the infrastructure surrounding the park, located at 23 km West of Bucharest, as well as creating additional access roads and several highway exits to facilitate the transportation of goods for its tenants.

CTP acquired CTPark Bucharest West in 2015, when the park had about 130,000 sqm of built area (Bucharest West I and Bucharest West II). Meanwhile, another 100,000 sqm has been developed for customers such as: DSV, Quehenberger, Geodis, Cargo Partner, Gefco. Following the current expansion process, around 3,000 people will work in the park, and the various industries to which tenants belong will allow the creation of very useful links between complementary sectors of activity.

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