CTP announces its expansion plans for the Transylvania area. The developer plans to double the leasable area of logistics spaces in the Transylvania region until 2023 by continuing the expansion of the logistics parks around Timișoara. Some of the spaces included in the construction plan are already leased to companies from the logistics and manufacturing sectors.
CTP Romania, a market leader in industrial development with a total built area of over 1,250,000 sqm, continues its development plans in Transylvania and announced an investment of EUR 50 million in the expansion of the logistics parks around Timișoara. Thus, the company will double its leasable area of industrial spaces by the end of 2023.
Emilia Țepeș, CTP Business Development Manager for Transylvania, said: “The continuation of the CTP expansion plans in Transylvania through the expansion of the Timișoara parks confirms the great trust we have for this region. We have identified numerous development opportunities both in the production area and in the logistics and warehousing area, and our plans won‘t stop here. Beyond the development of the ctPark Timișoara I and II logistics parks, we also aim to expand in the center of Transylvania, more specifically in the parks of Turda and Sibiu.”
The current plans are focused on the expansion of CTPark Timișoara II, with a first building of 32,200 sq m already leased, located in a strategic area, near the Timișoara airport and the A1 motorway. It has the benefits of a cross dock, multipurpose building, which can be adapted to the specific needs of customers who choose CTP as partner. In the second stage of construction that begins this fall and will finish in March 2020, CTP will deliver another 17,000 sq m wthin ctPark Timișoara II.
CTPark Timișoara II is located near the first park developed by CTP in the western part of the country, ctPark Timișoara I, which has a total leased area of 10,000 sq m.
The building will be built to an “outstanding” BREEAM standard and will integrate all the necessary features required for the certification. CTP Romania will achieve this through top energy insulation and LED lighting, electric charging facilities, water re-circulation and the use of natural light in the warehouse.
CTPark Timisoara II Facts:
• The total planned area of the park: 89,500 sq m
• Location: 6 km away from Timisoara Airport and 1 km away from the A1 Arad – Timisoara Highway
• Total built area: 32,000 sq m
• Under construction: 17,000 sq m
• Planned constructions: 40,300 sq m
CTPark Timișoara II Construction Timeline:
• Phase I, started in 2017: 32,000 sq m built and rented
• Phase II, started in autumn 2020: 17,000 sq m under development to be completed in March 2020
• Phase III: 40,300 sq m to be delivered by the end of 2023
