Business
CTP signs 11-year lease with LPP Logistics for a new 60,000 sqm distribution centre, expanding their presence at CTPark Bucharest West to 125,000 sqm
AMSTERDAM, November 27, 2025--Regulatory News: CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has signed an 11-year lease agreement with LPP Logistics for a new 60,000 sqm distribution centre to be developed at CTPark Bucharest West. The new facility strengthens LPP Group’s footprint in Southeast Europe and will restore full distribution capabilities, bringing its total space within the park to 125,000 sqm and furth
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[{"type":"text","content":"AMSTERDAM, November 27, 2025--(BUSINESS WIRE)--Regulatory News:","length":63,"tagName":"p"},{"type":"text","content":"CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has signed an 11-year lease agreement with LPP Logistics for a new 60,000 sqm distribution centre to be developed at CTPark Bucharest West. The new facility strengthens LPP Group’s footprint in Southeast Europe and will restore full distribution capabilities, bringing its total space within the park to 125,000 sqm and further consolidating CTPark Bucharest West’s position as a leading regional distribution hub.","length":542,"tagName":"p"},{"type":"text","content":"CTPark Bucharest West, the largest industrial park in Central and Eastern Europe, is strategically located in the western area of Bucharest, along the A1 motorway, the city’s main western gateway.","length":196,"tagName":"p"},{"type":"text","content":""We are proud to continue our partnership with LPP Logistics and to support the rapid expansion of their brands in Southeast Europe. The decision to further invest in CTPark Bucharest West confirms the industrial park’s strategic importance as a regional logistics hub and demonstrates our ability to deliver large-scale, sustainable facilities tailored to our clients’ long-term growth plans," said Ronald Binkofski, Managing Director for CTP Romania.","length":462,"tagName":"p"},{"type":"text","content":"Located directly adjacent to LPP Logistics’ new e-commerce fulfilment centre which has been operational since the end of October, the new facility will support the Group’s rapid growth in the region and enhance the efficiency of supply to key markets, particularly for the fast-expanding Sinsay brand. The first phase of construction is scheduled for completion at the end of Q1 2026, with operations set to begin in June 2026 and full development stages continuing until the end of October 2026.","length":496,"tagName":"p"},{"type":"text","content":"Once operational, the facility at CTPark Bucharest West will supply LPP brand stores in Romania, Bulgaria, and Greece, while also replenishing LPP’s two Romanian fulfilment centres dedicated to online sales. This integrated network will strengthen the company’s omnichannel capabilities and ensure efficient distribution across both...