CTP pays EUR 7 mln for logistic park near Bucharest

CTP, a leading premium industrial parks developer and long-term manager in Romania and Central and Eastern Europe, acquired the Phoenix Logistics Center west of Bucharest for EUR 7 million, the group announced, according to Romania-Insider.com.

The transaction took place in the second quarter of 2017 and Dutch company LSREF3 Alpha Dutch Holdings was the seller.

Phoenix Logistics Center (PLC), which is located in Chiajna, was integrated in CTPark Bucharest, and CTP will invest EUR 1.5 million in refurbishing it. PLC has a total surface of 43,000 sqm, out of which 21,000 sqm lettable area, and is fully leased to German transport and logistics group DB Schenker.

CTP currently owns 700,000 sqm of warehouses in ten cities: Arad, Bucharest, Cluj-Napoca, Deva, Pitesti, Sibiu, Timisoara, Turda, Ineu and Salonta.

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