CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces a strategic collaboration with Arcese Group, the global logistics operator, which has leased 10,500 sqm at CTPark Bucharest West, the largest industrial park in Central and Eastern Europe (CEE).

CTPark Bucharest West, spanning over 833,000 sqm of GLA across 314 hectares, is home to Romania’s first BREEAM Outstanding warehouse.

Nicoleta Gavrilă, Senior Business Developer, CTP, said: “We are pleased that Arcese has chosen CTPark Bucharest West for its new location in Romania. Arcese will benefit from CTPark Bucharest West’s strategic position, which provides access to both the Balkans and regions such as Turkey and the Middle East, as well as the unique quality of life it offers employees through Romania’s first CTP Clubhaus facility that provides extensive on-site amenities. Arcese is yet another example of an existing tenant that has chosen to expand within our portfolio, and around 70% of all new leases we sign are with existing tenants. This is because we build enduring relationships with them and get to understand their businesses, which enables us to provide spaces tailored to their needs as they continue to grow.”

Marius Buturoaga, Country Manager Romania, Arcese Group, stated: “Having worked with CTP for several years in Hungary, our close relationship and their knowledge of our business gave us the confidence to expand within them to meet the strong demand from our new clients. CTPark Bucharest West offered us a compelling package of scale, sustainability, location, and amenities for our staff, making our decision to choose CTP for the new location extremely easy.”