CTP Gets EUR75.8M Financing From EBRD And BCR For Two New Warehouses

CTP Romania, one of the biggest developers of logistics and industrial space on the local market, will get EUR75.8 million financing from the European Bank for Reconstruction and Development (EBRD) and Banca Comerciala Romana (BCR) to expand logistics park CTPark Bucharest West by two new warehouses

61 views

Of the total loan, EUR36.7 million is covered by the EBRD and EUR39.1 million from BCR.

The overall investment in this phase of the project for the expansion of CTPark Bucharest West reaches EUR108.9 million and the two new warehouses will cover a total surface area of 70,000 square meters.

The logistics park is located 23 km west of downtown Bucharest and has direct access to highway A1. The total surface area reaches 100 hectares and, after the construction of the two new warehouses has been completed, the total lettable area will reach 244,000 sqm.

The EBRD has invested close to EUR7.5 billion in Romania to date in almost 400 projects.

BCR is the number one bank in Romania by the value of assets (EUR14.8 billion), the number of clients and on the savings and lending segments.

Citeşte şi: Romania Trade Deficit Widens to EUR4.46B in January-May

Citeşte şi: E.ON, MOL to Develop 40 Electric Vehicle Charging Stations in Romania

Citeşte şi: Alexandrion Group Invests EUR100M in Distillery in New York

Citeşte şi: BNR Exchange Reference Rates of July 7

Read more: Romanian Average Net Salary Down 0.1% on Month in May

Read more: Dacia Made Over 170,000 Vehicles in 1H 2017

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.