CEE-focused industrial developer CTP has acquired four industrial sites in Romania from Zacaria Industrial, comprising 112,000 m2 of space.
Financial details were not disclosed.
The sites are located in Craiova, a new market for CTP, as well as Sibiu, Arad and Oradea.
Ana Dumitrache, country manager CTP Romania said: 'We continue to build on our strategic goal to develop in Transilvania and this acquisition adds relevant developments in our regional portfolio.
'We thus welcome our new clients, who are now part of the big CTP family and we are glad to add a new city, Craiova, on the Romanian map.'
CTP said that the deal enabled it to move closer to achieving its goal for 2021 of developing 2,000,000 m2 of warehouses in Romania.
The transaction was structured and implemented by CTP Romania's transaction team, lead by Andreea Enescu.
CTP was also supported by Avision Young through its managing director, David Canta, who said: 'I am honoured to have been part of this project, which sets a new record on the investment market in the industrial-logistics sector. Romania has an extraordinary potential in this segment, supported by a growing demand for premium spaces and attractive returns for investors. I am sure that other large-scale transactions will follow.'
The transaction follows a series of key deals signed by CTP in Romania during 2020. These included the acquisition of the A1 Business Park platform in Dragomire?ti Vale from Cromwell Property Group and the Equest Logistic Park industrial park, near Bucharest, from Forum Serdika.
