about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

CTP reached a total asset value of 364 million Euro in the first nine months of 2017

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, entered the last quarter of 2017 with results that exceed the previous prognosis.

2017-10-30 12:30:30

The Romanian company's portfolio grew with 73 per cent and reached more than 700,000 sqm of logistics and industrial spaces and a total market value of 364 million Euro. 2017 is the year with the most accelerated development pace: over 180,000 sqm GLA were built by CTP in Romania and approximately 300,000 sqm are in the construction pipeline with delivery dates estimated for Q1 2018.

Currently, the vacancy rate of the spaces ready to be leased is under three per cent. In the first three quarters of 2017, new leasing agreements were signed with strategic clients in seven parks owned by CTP near Bucharest and other strategic locations in Romania. Some of the deals are with new tenants and other agreements are with existing clients that expanded their spaces to accommodate the needs of their growing businesses.

"2017 was our best year so far. The stock of logistics and industrial spaces grew and exceeded 700,000 m2 and we invested according to plan in CTPark Bucharest West which is designed to become the largest logistics park in Eastern Europe," stated Ana Dumitrache, Co-Country Head of CTP Romania. "We continued to invest and acquire land and properties in key areas of Romania. In the future we will maintain our development's rapid pace according to the needs of our current clients, but we plan to begin some speculative constructions too."

CTP's plans for 2018 include the development of circa 200,000 sqm in CTPark Bucharest West and 290,000 sqm in different cities of Romania, such as Pitesti, Cluj, Turda and Chitila.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  5193 Views
Daily Info
Building for the future, now

The decision to buy a house is one we probably make once or twice in our lifetime. Therefor we want this decision to be the right one. A house should last the passing of time,...

certSIGN leases 2,300 sqm in AFI Tech Park 1 office building

The Romanian IT company certSIGN has leased 2,300 sqm in AFI Tech Park 1 office building, which now reached a 60 per cent occupancy rate.

Tinmar Energy to reach 80 million RON profit in 2019, invest in household business

Tinmar Energy estimates a profit of 80 million RON for 2019, after a 73 million RON result for this year, according to Augustin Oancea, CEO of the company. He claims the turno...

Colt Technology Services to expand IQ network in Central and Eastern Europe

Colt Technology Services has today announced the expansion of its IQ Network in Central and Eastern Europe. Colt is investing in the region as a response to its rapid economic...

FAN Courier consolidates its leading position on the Romanian courier market, accelerates investment

FAN Courier is consolidating its leadership position on the local courier market for the 12th consecutive year, amid doubling of investments and market growth.

 
 
   
advertising

advertising

advertising

advertising

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg

OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B...

Fondul Proprietatea expresses disappointment over Engie listing rejection

Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, accordi...