CTP acquires three industrial parks in Romania

CTP acquires three industrial parks in Romania

CTP, a developer and manager of industrial and logistics parks in Europe, has acquired an industrial portfolio of warehouses in Romania from French FM Logistic in a sale and leaseback transaction.

The portfolio, totalling over 100,000 sqm, is comprised of three industrial parks located in the vicinity of CTP’s largest parks in Bucharest, Pitesti and Timisoara and strengthens CTP’s footprint in these cities and on the Bucharest – Pitesti highway axis.

FM Logistic, a supply chain services company operating across Europe, will continue as a CTP tenant for the long term.

Ana Dumitrache, Managing Director CTP Romania, said: “Our philosophy is founded on developing solid partnerships and this deal demonstrates that principle. We are kick-starting a strategic alliance with a highly professional and specialized logistics operator, FM Logistic, who have been present in the Romanian market for over 20 years. The result is the acquisition of a state of the art portfolio with highly efficient warehouses complementing our existing stock and consolidating CTP’s presence in key locations that are increasingly perceived as regional hubs.”

Alexander Pavlov, Country Managing Director FM Logistic Romania, said: “The beginning of our long term partnership with CTP will enable the Romanian team of FM Logistic to sharpen its focus on the operational and client-related aspects of our supply chain services, while continuing to fully maintain our current multi-client base and the potential for development extensions as the opportunities arise. FM Logistic will continue to develop our sustainable omnichannel supply chains in Romania and the core of our strategy will remain the delivery of high added-value services, ensuring business continuity as we transition to the new way of working.”

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