CTP acquires 12 buildings from Cromwell Property Group portfolio located in CTPark Bucharest
CTP, the largest developer and long-term administrator of premium industrial and logistics parks in Romania and in Central and Eastern Europe, acquired 95,000 sqm of buildings from Cromwell Property Group, representing the largest transaction on the Romanian logistics market in 2020. With this acquisition, the company expands CTPark Bucharest, thus reaching over 500,000 sqm rentable, occupied by over 100 customers. This acquisition aligns with CTP’s strategy to create business communities and parks with complex infrastructure, thus supporting residents’ businesses. The acquisition of the buildings previously owned by Cromwell Property Group is a strategic move for CTP. The 12 buildings located inside CTPark Bucharest are flexible and have spaces starting at 1,700 sqm and reaching over 10,000 sqm, all to support a wide range of customers. These spaces complement existing buildings, with actual customers strengthening the business community in this park. “The Cromwell acquisition complements our portfolio at the park situated on the A1 Highway. Our plan is to redevelop the…
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