CTP acquires Equest Logistic Park for approximately EUR 30 million

CTP expands its portfolio in the vicinity of Bucharest, on the A1, at Km 13, the ground zero of the industrial logistic market in Romania, buying Equest Logistic Park for approximately EUR 30 million from Forum Serdika.

Equest Logistic Park is an A class logistics property with a strong and consistent performance history, a multi-tenant warehouse complex located in the largest industrial sub-market in Romania: Km 13 of the A1 motorway.

The property fits well in CTP’s larger portfolio, with its 3 buildings that can accommodate flexible occupier needs in a single building.

The property has had a stable portfolio of tenants throughout recent economic cycles, including important national and international online retailers, logistics and light-production companies, such as Garrett, Elmec Group, Hilti, BDG Group & Telekom.

Cushman & Wakefield Echinox team managed the sale process and assisted the seller.

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