Globalworth completed the transaction with real estate developer CTP for the sale of a part of the industrial-logistics portfolio accumulated in Romania – 270,000 sqm GLA and 30 ha of land. The transaction, valued at around EUR 170 million, is one of the largest in the industrial sector of the local real estate market.
The portfolio includes 270,000 sqm GLA and 30 ha of land in six key locations in Romania, offering an appropriate mix of locations in the vicinity of CTP parks (Bucharest, Arad), as well as complementary locations that strengthen CTP’s presence in the area (Pitesti, Oradea, Timișoara). After this transaction, the CTP portfolio reaches the threshold of 2.91 million sqm.
“This acquisition significantly expands our portfolio in Romania by adding over 270,000 sqm and introduces 40 new names to our diversified tenant list. We are proud to welcome each new tenant into the CTP family. In addition, the acquisition includes 30 ha of land, which allows us to continue our commitment to organic development in western Romania. This development will not only benefit our tenants, but also contribute positively to local communities,” said Remon Vos, CEO of CTP Group.
Source: Profit.ro
