The real estate developer CTP, which owns properties worth over EUR 1.6 billion in Romania, is in advanced negotiations for the acquisition of the industrial-logistics portfolio accumulated by Globalworth in Romania, a transaction with a value of over EUR 270 million, which it could become the most expensive sale ever recorded on the industrial sector of the local real estate market.
CTP entered into a due diligence process to buy Globalworth’s portfolio of 10 logistics properties, valued at EUR 275 million. The Globalworth warehouses have a cumulative area of 391,200 sqm, an occupancy rate of over 90 percent and generate an annual rent of EUR 20.2 million.
The acquisition of Globalworth’s logistics portfolio would strengthen CTP’s market-leading position, which would reach a portfolio with a total area of 2.9 million sqm.
Source: Profit.ro
