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CTP to get 96 million Euro loan from EBRD and ING Romania

The European Bank for Reconstruction and Development (EBRD) and ING Romania will provide a 96 million Euro financing to logistics park developer CTP.

2018-03-26 16:57:32

The EBRD will provide 43.8 million Euro while ING will contribute with 52.2 million Euro to this loan.

The investor will use the money to modernize and expand its CTPark Bucharest 52-hectare logistics park located on the A1 highway that connects Bucharest to Pitesti, 2 kilometres away from the capital.

The loans will support the operation of several resource-efficient warehouses which host such tenants as telecommunications operator Orange, information management firm Iron Mountain, and global logistics company XPO Logistics. Part of the EBRD loan will also finance the construction of a warehouse.

Last year, the EBRD together with local lender BCR also extended a 75.8 million Euro loan for the construction of two new warehouses within CTPark Bucharest West, some 20 kilometres west of Bucharest.



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