Maersk and IB Cargo reach 100,000 sq m of warehouse in CTPark Bucharest West
Bucharest, May 23rd 2023 – CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), expands its partnership in Romania with the integrated logistics company Maersk and IB Cargo to a total surface of approximately 100,000 sq m. Maersk and IB Cargo operate in CTPark Bucharest West the regional distribution center of one of the largest furniture retailers in the world, the company’s products being delivered from Bucharest to stores in Southeast Europe and the Eastern Mediterranean.
Maersk entered on the Romanian market in 2021, with the distribution center operated in partnership with IB Cargo and located in CTPark Bucharest West, in west of Bucharest, on the A1 Highway at km 23. As the business developed, the spaced leased in CTPark Bucharest West increased with over 30%, reaching now a total surface of approximately 100,000 sq m.
CTPark Bucharest West, planned to become the largest industrial park in Europe, also continued to develop. In less than two years, the built-up area has increased with more than 100,000 sq m, overpassing 770,000 sqm and another 160,000 sq m are now under construction. CTPark Bucharest West thus approaches the threshold of one million square meters, consolidating its position as the largest industrial park in Romania, which also offers the best quality of life for warehouse employees.
Maersk and IB Cargo operate the largest warehouse in Romania for a major furniture retailer, which is also the largest operation of logistics service providers in this part of the world and deserves Eastern Europe, the Balkans, the Middle East and Turkey from one location, CTPark Bucharest West. Initially the distribution capacity of the center was over 100,000 pallets and the daily volume of operations was 70 trucks/day.
CTPark Bucharest West offers the highest quality services to its residents and hosts more than 2,000 employees who work for the companies in the park. Among the services offered are: medical point, canteen, cafe and relaxation areas, all located in a sustainable multifunctional space, called Clubhaus, which also functions as a platform for training sessions, with an amphitheater and meeting rooms available for tenants and their employees.
CTP owns a portfolio of approximately 2.5 million sq m of class A warehouses in multiple cities in Romania, including: Arad, Brașov, Bucharest, Oradea, Sibiu and Timisoara.
About CTP
CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 10.9 million sqm of GLA across 10 countries as at 31 March 2023. CTP certifies all new buildings to BREEAM Very good or better and earned a ‘Low-Risk’ ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP’s corporate website: ctp.eu.
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