Czech developer CTP will invest up to €15 million this year in the soon-to-be-acquired logistics park Cefin Arad, which is in liquidation.
The logistics park, located near Arad, in western Romania, will be called CTPark Arad and covers 93,000 sqm, 43,000 sqm of which are leasable.
The investment plan includes the acquisition of new plots in the area. CTPark will offer units available from 1,000 sqm, with the possibility to expand. The tenants in the park include Gebruder Weiss, Schenker and Gefco.