The lease agreement at CTPark Cluj, whose value was not disclosed, extends cargo-partner’s warehousing capacity in the Transylvania region and brings its total leased space at CTP parks in Romania to 28,000 sq m, the Czech real estate developer said in a press release on Wednesday. Cargo-partner also operates warehouses at CTPark Bucharest West and CTPark Timisoara Ghiroda.
Founded in 1983, cargo-partner is focused on air and sea freight transport in Europe, Asia and North America, along with rail, land transport and logistics services. The company generated a turnover of over 2.06 billion euro ($2.274 billion) in 2022. At the beginning of the year, Japanese logistics company Nippon Express Holdings acquired several cargo-partner units mainly based in Central and Eastern Europe, including its Romanian division.
CTP is a full-service commercial real estate developer which builds, manages and delivers custom-built, high-tech business parks throughout Central and Eastern Europe.
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