Industrial developer CTP says its new CTPark Arad West project has already reached a 40% pre-lease, with delivery slated for Q1 2024.
The company has completed the structure of its new production and logistics project in Arad that will have a leasable area of 44,000 sqm in the first phase.
The project is planned to accommodate approximately 100,000 sqm in multiple buildings of different types, both for medium and large companies. CTPark Arad West has Industrial Park Title, which puts it on the official map of strategic industrial parks in Romania and which provides a range of different benefits for its residents
”CTPark Arad West is the ideal city centre solution for both manufacturing and storage requirements, enabling businesses to grow within a single location, and with easy access to multiple transport connections., CTPark Arad West incorporates the latest light industrial and warehousing standards and the quality of the space and its excellent location is reflected in the considerable interest we’ve had in the site, with over 40% already committed by multinational companies. This latest CTP offering in Arad will provide an exceptional quality park, park, a dynamic business environment and amenities which will act as a magnet for the workforce,” said Ana Dumitrache, Managing Director of CTP Romania.
The industrial project is being developed to meet a BREEAM Excellent sustainability certification.
CTP is the largest owner of industrial projects in Romania, managing a portfolio of 2.5 million sqm in multiple cities.