CTPark Bucharest North, a 65 million Euro investment of CTP, will open its first operational spaces in Autumn 2020
CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, continues its expansion in Romania by developing a new logistics park in the Northern part of Bucharest – CTPark Bucharest North. The park, located in Ștefănești, Ilfov County, has a total area of 21 ha and has a large opening with a great access to the Bucharest Ring Road, close to A3 Highway, which makes it extremely easy to reach and transit. The total value of the investment in the new logistics park amounts to EUR 65 million.
CTPark Bucharest North will have an operational space of 100,000 sqm for which the company has obtained the building permit and already started the construction. The first 20,000 sqm will be ready to be used by the first customer in autumn this year, and the rest of the area will be developed in phases until end of 2021.
Ana Dumitrache, Country Manager CTP, stated: “CTPark Bucharest North is a proof of our commitment to investing and expanding around Bucharest and, that our approach to provide seamless, end-to-end property development services, is an asset in our relations with our partners. With 20,000 sq m to be delivered fully this autumn and 80,000 sq m more to come by end 2021, we are confident that our EUR 65 million investment in CTPark Bucharest North will transform the park into the go-to place for businesses looking to develop in the North of Bucharest.”
The first client of CTPark Bucharest North is DSV Group, a global transport & logistics supplier and long term CTP partner. The 10,000 sqm rented by DSV Group have been developed be-spoke, fully customized to DSV needs and will be delivered this autumn.
CTPark Bucharest North is a logistics park adapted to the needs of its customers and offers customized flexible solutions: with units available ranging from approx. 2,400 sqm to 15,000 sqm.
CTPark Bucharest North Facts
- Building site – 21 ha
- 10 flexible Warehouse units; five construction phases
- Available space – over 100,000 sqm for both large companies and small and medium-sized businesses
- Investment – 65 million Euro
- Location: Ștefănești, Ilfov County, On The Bucharest Ring Road, Close To A3 Highway
CTPark Bucharest North Construction Timeline
- Groundbreak in March 2020
- First 20,000 sqm to be delivered this autumn
- The next 20,000 sqm to be delivered in Q1 2021
- Construction work will continue and the park is expected to be completed during 2021