CTP acquired Chitila Logistic Park, near Bucharest, for €17.3m from UBM Development. The acquisition, which closed in September, is part of CTP’s strategy for its Romanian portfolio, which it aims to grow to a total leasable area of approximately 1 million sqm by the end of 2018.
“The decision to buy Chitila Logistic Park is in line with our continuous investments made in the last couple of months. We aim to grow our stock of industrial and logistics spaces, both nearby Bucharest and at a national level, in order to respond to the increased new demands from the market and to satisfy our clients need to expand their businesses,” said Ana Dumitrache, country head of CTP Romania.
