CTP, the owner and operator of industrial and logistics projects, will invest in a new cargo terminal located in western Romania.
The company won a tender launched by Bihor County Council for the development of the industrial project in Oradea that will have links with the airport.
The total investment in the terminal will exceed €32 million and marks CTP’s expansion in Oradea, which is the 11th Romanian city in which the developer has operations.
CBRE Romania is the strategic consultant for the development and leasing of the project. Some 300,000 sqm of new industrial and logistics spaces will be delivered in Timișoara-Arad-Oradea area in the next two years, says Mădălin Aresmerițoaie, Senior Consultant, Industrial Services, CBRE Romania.
The Oradea-based terminal will be developed on a land plot of 14.4 hectares.
The industrial market in northwestern Romania has an operational stock of 1.2 million sqm, while new deliveries totalled 60,000 sqm in the first semester.