LEADING FASHION BRAND LPP SIGNS DEAL FOR NEW E-COMMERCE FACILITY AT CTPARK BUCHAREST WEST

AMSTERDAM, 23 July 2024 – CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces LPP, one of Central Europe’s fastest growing fashion retailers is moving into a new e-commerce facility at CTPark Bucharest West. LPP, which is already an occupier at the Park is together with CTP, extending its current building to support the delivery of the new facility. This will take LPP’s total footprint at the Park to around 90,000 sqm with the new e-commerce facility comprising around 40,000 sqm with the remainder of the building being used as an LPP distribution centre.

LPP’s new e-commerce facility represents a significant strategic move for the business as it bolsters its e-commerce operations, providing ample space for online sales fulfilment. The facility that is set to employ up to 1,500 people, will benefit from the latest technology including state-of-the-art conveyor systems and workstations with the capacity to store up to 4 million items. The e-commerce facility will also be highly sustainable in its operations with photovoltaic panels, a rainwater recovery system and electric car charging stations enhancing energy efficiency and sustainable travel to the Park.

CTPark Bucharest West is the largest industrial park in Europe spanning approximately 857,000 sqm. It is ideally located to support businesses with the manufacturing, transport and the distribution of goods. The Park sits on the A1 highway providing excellent access to Bucharest’s growing population and the rest of Europe, while the major Port of Constanta on the Black Sea is also within easy reach. The close proximity to the Port of Constanta will also enable LPP to efficiently receive orders from its Asian suppliers. The new e-commerce facility will also support deliveries from the wider LPP logistics network and act as a cross-dock hub for deliveries from Poland.

CTPark Bucharest West also benefits from CTP’s unique Clubhaus concept that means the park goes far beyond providing logistics space alone. Clubhaus is an onsite community hub for the Park’s 2,500 employees that includes spaces for meetings, lectures, and training sessions, alongside a canteen, supermarket, amphitheatre, outdoor areas for exercise and an onsite surgery for medical appointments. All this helps ensure CTPark Bucharest West functions as a thriving business ecosystem as well as a logistics destination.

ABOUT CTP

CTP is the largest listed owner, developer and manager of logistics and industrial real estate in terms of gross leasable area, with 12.0 million sqm GLA in 10 countries (as of 31 March 2024). The company certifies all new buildings to BREEAM at a level of ‘very good’ or above and has achieved a low-risk ESG rating from Sustainalytics, reaffirming its commitment to sustainability. For more information, please visit: www.ctp.eu.

CONTACT DETAILS:
CONTACT DETAILS FOR ANALYST AND INVESTOR ENQUIRIES:
Maarten Otte, Head of Investor Relations
Mobile: +420 730 197 500
Email: maarten.otte@ctp.eu

CONTACT DETAILS FOR MEDIA ENQUIRIES:
Patryk Statkiewicz, Group Head of Marketing & PR
Mobile: +31 (0) 629 596 119
Email: patryk.statkiewicz@ctp.eu

SEC Newgate
Sara Champness/James Carnegie
Mobile: +44 (0)7962 387 949
Email: CTP@SECNewgate.co.uk