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Bucharest
October 16, 2018
BUSINESS

CTP: EUR 12 million investment in circa 40,000 m² built for the Danish group DSV

CTP, the leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, and DSV, the fifth biggest global transport and logistics companies, signed a leasing agreement for approximately 40,000 m² in CTPark Bucharest West. CTP invested about EUR 12 million in the development of the new logistics spaces occupied by the Danish company in the first days of February.

The Danish group DSV has signed the leasing agreement for the logistics spaces in CTPark Bucharest West in the summer of 2017. The contract has a ten years length and the building will be used for storage activities. The warehouse is Built-To-Suit and was built according to CTP’s above the market standards in what concerns the development of industrial and logistics spaces. These standards reduce the operational costs through the implementation of the most performant environmental friendly technologies that considerably diminish the energy consumption.

“We are very happy with DSV’s decision to grant us again their trust. They are our tenants since 2015, when we bought CTPark Bucharest. Last year they decided to expand their storage spaces in CTPark Bucharest West, our property located at km 23. This is a sign that we did our job well until now. CTP aims at becoming more than an owner for the companies that are clients in our parks: we want to put together with our tenants the foundation for long-lasting partnerships. We grow simultaneously with our customers and we adapt to their needs. I think this is the secret of a fruitful partnership!”, stated Remon Vos, CEO of CTP and Country-Head of CTP Romania.

DSV is CTP’s tenant since 2015, when the developer took over the logistics park situated at km 13 on the A1 motorway, later renamed CTPark Bucharest. The Danish international transport and logistics company occupies 55,000 m² here, used for storage activities. The new logistics spaces that DSV occupies in CTPark Bucharest West were built by CTP in accordance with the highest quality standards used throughout its parks, including: a clear height of 12 meters, indoor and outdoor LED and Smart LED technology lighting, building constructions techniques that ensure the energy efficiency etc. The new warehouse is the first fully built facility developed by CTP for the Danish  transport and logistics company.

“We started our collaboration with CTP almost three years ago and we have been extremely pleased with the conditions that have been created in CTPark Bucharest. Our business is growing, we have customers that are developing rapidly, sometimes even faster than we anticipated, new projects and contracts that we have to honour under the best conditions. So our need for more storage spaces came as a natural step. I am convinced that CTPark Bucharest West will soon become one of the most important logistics hubs in Central and Eastern Europe. We do not exclude renting other spaces here or in other CTP parks in the country, depending on the growth rate of our customers”, explained Sergiu Iordache, General Manager of DSV Romania

 

About CTP

 

CTP is a full-service commercial real estate developer and manager, specializing in the delivery and management of custom-built, high-tech business parks for leading international and domestic companies making strategic investments in new or expanded operations in Central Europe. CTP is the owner of the CTPark Network, the largest integrated system of premium business parks in Central and Eastern Europe, with 4.5 million m² of A-Class properties in more than 80 strategic locations.

In Romania, CTP is the leading warehouse developer and manager, with a GLA of over 700,000 m² of Class A warehouses spread in 10 cities: Arad, Bucuresti, Cluj-Napoca, Deva, Ineu, Pitesti, Salonta, Sibiu, Timisoara, and Turda.

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