CTP has acquired a 270,000sqm industrial portfolio and 30ha landbank in six locations in Romania from Globalworth for an unspecified sum.
The listed European logistics developer and operator said the portfolio, comprising six industrial parks, provides a mixture of locations in the vicinity of CTP’s parks in Bucharest, Arad and complementary locations, strengthening the firm’s footprint in Pitesti, Oradea and Timisoara.
Remon Vos, CEO of CTP Group, said: “This acquisition significantly expands our Romanian portfolio by adding over 270,000sqm and introduces 40 new names to our diverse tenant roster.
“We are proud to welcome each new tenant into our CTP family. Additionally, the acquisition includes 30 hectares of excess land, which enables us to further our commitment to organic development in Western Romania. This development will not only benefit our tenants but also contribute positively to the local communities.”
Dennis Selinas, CEO of Globalworth, said: “By divesting these non-core assets, Globalworth reaffirms its commitment to focusing on its main competencies in the office segment, where we hold competitive advantages. This sharpened focus will enable us to dedicate more resources to expanding our key operations, fostering innovation, and delivering enhanced value to our tenants and shareholders.
It will also significantly increase our liquidity, providing the company with the capital necessary to seize strategic opportunities as they arise.”
To read the latest IPE Real Assets magazine click here.
