CTP acquires Phoenix Logistics Center

by   CIJ News iDesk V
2017-11-10   12:07
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CTP acquired Phoenix Logistics Center with approximately 7 million euro from the Dutch company LSREF3 Alpha Dutch Holdings B.V., in the second quarter of 2017. Phoenix Logistics Center is located in Chiajna, located 10 kilometers from the the center of Bucharest. It has a total area of 43,000 sqm, of which 21,000 sqm is leasable area. The developer’s plans for the logistics park in Chiajna include an upgrade and refurbishment. This is expected to require a total investment of around €1.5m and will be carried out in two phases.