On September 9, 2021, CTP announced that it had acquired approximately 112,000 square meters of industrial spaces from Zacaria Industrial in Romania.
The space represents parks in four Romanian cities, namely Craiova, Sibiu, Arad, and Oradea. According to the company, these acquisitions take CTP closer to its goal of developing 2 million square meters of warehouses on the local market.
“We continue to build on our strategic goal to develop in Transylvania and this acquisition adds relevant developments in our regional portfolio,” commented CTP Romania Country Manager Ana Dumitrache. “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 Romanian map.”
CTP has an overall portfolio of 6.6 million square meters of industrial and logistics parks across CEE and plans to expand to 10 million square meters by 2023.