22. 06. 2022

The largest pharmaceutical storage facility in Romania: CTP delivers a 35,000 sq m built-to-suit warehouse on the ring road of Bucharest

■ CTPark Mogosoaia is fully leased to A&D Pharma – Dr.Max Group
■ The project stands for a long term strong partnership of CTP and A&D Pharma - Dr.Max Group
■ The warehouse is a modern construction to accommodate top notch automated warehousing solutions

#CTParks #Press Releases

Bucharest, Wednesday June 22, 2022 – CTP, Continental Europe’s largest owner, developer and manager of high quality industrial and logistics real estate, has successfully delivered a built-to-suit warehouse with approx. 35,000 sq m for A&D Pharma – Dr.Max Group, the leading pharmacy chain in Central Eastern Europe. CTPark Mogosoaia is located on the ring road of Bucharest and consolidates the CTP Romania’s portfolio of over 2,1 million sq m overall, of which 1,5 million sq m are in Bucharest.

Ana Dumitrache, Country Head CTP Romania, said:

“Our cooperation with A&D Pharma – Dr.Max Group started in 2020 and in less than two years, we successfully delivered over 45,000 sq m in two locations, Bucharest and Sibiu, while CTPark Mogosoaia is definitely a flagship warehouse both for us and for A&D Pharma - Dr.Max Group. It is the largest pharmaceutical warehouse in Romania, delivered in record time, without any delays towards the schedule agreed with the tenant and most important these days by keeping it in the initial budget and in the usual CTP quality and standards.”
 

CTPark Mogosoaia is located at Bucharest’s ring road, at less than 10 km distance from Victoriei Square and less than 5 km from Straulesti intermodal hub, benefiting of high accessibility and visibility. Baneasa International Airport and Otopeni International Airport are also in the vicinity of the project, at less than 15 km distance.

Cezar Zaharia, CEO A&D Pharma – Dr.Max Group, stated:

“With over 4,500 pharmacies serviced throughout the country and over 200 million of units processed annually, the storage capacity and quality are essential for our business. We continue to make long term investments and to develop in order to respond to the needs of our patients and partners. With an investment of over Eur 30 million, the new National Logistic Center is a state-of-art project, being the first semi-automatic collection line on the pharmaceutical distribution and one of the largest pharmaceutical warehouses in Central and Eastern Europe”
 

The transaction was advised by the real estate consultancy company Cushman & Wakefield Echinox.

Rodica Tarcavu, partner Industrial Agency Cushman & Wakefield Echinox, said:

“We are honored for our involvement in a new benchmark rental transaction for the local logistics market, in which we worked with two extremely rigorous and competitive partners - A&D Pharma and CTP. It was a complex and very meticulous process and we assist step by step our tenant, from configuring the technical characteristics of the building to estimating the volume of goods, evaluating the investment budget, developing the project, respectively executing and delivery of the warehouse in the current form.”
 

Beside CTPark Mogosoaia, CTP owns another five industrial parks in Bucharest, covering multiple areas: from west of the city (CTPark Bucharest West and CTPark Bucharest, on the A1 highway) to north (CTPark Chitila and CTPark Bucharest North, in Stefanesti – Afumati) and south (CTPark Bucharest South, in Popesti – Leordeni).

In Romania, CTP has a total area of over 2,1 million sqm of class A warehouses in 15 cities: Arad, Brasov, Bucharest, Cluj-Napoca, Craiova, Deva, Oradea, Pitesti, Sibiu, Targu Mures Timisoara, Turda, Caransebes, Ineu and Salonta.

 

 

About CTP

CTP is Continental Europe’s largest owner, developer and manager of logistics and industrial real estate by gross lettable area, owning over 9.3 million sqm of space in ten countries per 31 March 2022. CTP is the only developer in the region with its entire portfolio BREEAM certified and became carbon neutral in operations in 2021, underlying its commitment to being a sustainable business. For more information visit our corporate website: ctp.eu.

About A&D Pharma  – Dr.Max Group

 A&D Pharma, part of Dr.Max Group has an experience of over 27 years and is one of the largest pharmaceutical groups in Romania that offers pharmaceutical retail and drug distribution services. In Romania, A&D Pharma operates two business lines, both of strategic importance: Dr.Max and Sensiblu pharmacies and Mediplus Exim SRL.

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