CEE logistics specialist CTP has announced the acquisition of seven buildings totalling 153,000 m2 from the Olympian Parks Group. Financial details were not disclosed.
The transaction boosts CTP’s Romanian portfolio to almost two million m2 , expanding its presence in the country to 13 cities.
The newly-acquired assets are located in Brasov, Timisoara, and the south of Bucharest. While the properties are almost fully let, there is space available to rent in some locations.
Ana Dumitrache, country manager, CTP Romania, said: 'Brasov is strategically located in the middle of the country and is new on the CTP Romania map. The facility in Timisoara is a great addition to what will shortly become the largest CTPark in Romania outside Bucharest and surrounding area.'
The acquisition also offers development opportunities on sites adjacent to the existing buildings.
CTP is a major industrial property developer and manager in Europe and the largest in CEE, with over 6.6 million m2 of logistics space and operations in nine countries. The company is on target to expand its portfolio to 10 million m2 by year-end 2023.
