Start of construction of Romania’s first industrial park with air cargo terminal
The industrial and logistics developer CTP has started the construction works of the first industrial park with an air cargo terminal in Romania.
CTP, headquartered in Amsterdam, said the CTPark Oradea cargo terminal is being developed on a 14.4 ha site directly connected to Oradea Airport and close to the Eurobusiness II industrial park.
Construction work on the taxiway connecting the aircraft parking area to the airport runway has been completed. Work is currently underway on the aircraft parking area, with a surface area of more than 20,000 m², and on the first industrial and logistics spaces, including air freight. Two buildings with a total area of approximately 25,000 m² will be operational by the end of the year.
Once the construction works are completed, the CTPark Oradea freight terminal will have a total area of more than 60,000 m². The value of the investment is approximately 36 million euros.
Ana Dumitrache, Country Manager of CTP Romania, said: “CTPark Oradea Cargo Terminal represents a first national project. This is the first industrial park with an air cargo terminal, involving special infrastructure works coordinated by our construction team. We firmly believe that infrastructures are the key to industrial and logistical development and this is far from being Romania’s strong point, which is why we get involved whenever we find authorities open to sustainable developments.
“Although the project has only just started, the interest of potential tenants, users of logistics spaces, but also air freight operators, is quite strong and has resulted in a first lease contract; in parallel, we have advanced discussions for about 50% of the places available. The value of the investment in CTPark Oradea Cargo Terminal will be approximately €36 million when completed and follows our existing investments in Oradea.
CTP is the largest owner, developer and manager of logistics and industrial property in continental Europe by gross leasable area, holding over 9.3 million m2 of space in ten countries as of March 31, 2022.