Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. CTP Romania delivers the first foreign distribution center...

CTP Romania delivers the first foreign distribution center of LPP Logistics at CTPark Bucharest West

January 9, 2024

CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has delivered the first foreign distribution center of LPP Logistics in Romania, less than one year after the start of construction. Located in CTPark Bucharest West, the largest industrial park in Central and Eastern Europe (CEE), the 65,000 sqm warehouse will strengthen LPP's distribution network in Southern Europe.

The construction of the new distribution center by CTP’s in-house construction team began in January 2023, before the LPP team commenced the stocking of the facility and the first start-up logistics operations at the beginning of December.
“Our partnership with LPP illustrates CTP’s capabilities to host regional distribution centers in our major parks such as CTPark Bucharest West and swiftly adapt to our clients' specific needs. Our team’s expertise ensures a thorough analysis and precise implementation of technical details, guaranteeing an exceptional result delivered. This includes constructing a building that aligns with the latest and highest sustainability standards in less than one year”, says Andrei Bentea, Senior Business Developer at CTP Romania.
The designed automation solutions will enable LPP Logistics to operate 450 stores at the same time and ship up to 6 million pieces of assortment per week to the Romanian, Bulgarian, Hungarian, Croatian, Macedonian, Serbian or Greek markets.
“The location of the distribution center in Southern Europe was determined by the so-called center of gravity in relation to the distance of the Group's network of stationary stores. At the end of the fourth quarter of the financial year 2023/24, the portfolio of LPP brands in this region will already include more than 500 stores, while the company intends to continue its expansion, among others in Romania or Greece, in the coming years. The logistical support of deliveries to such an expanded sales network is therefore crucial for the implementation of the Group's business strategy”, indicates Sebastian Soltys, the President of LPP Logistics.
The LPP warehouse is also intended to support deliveries to the Romanian Fulfillment Center and to act as a cross dock hub for part of the deliveries from Poland. Due to its strategic location, the warehouse offers a possibility to diversify maritime transport through the Black Sea port of Constanta, as well as provides excellent security for an alternative supply route to the Ukrainian market. Utilising the infrastructure of Romania's largest port also allows the Group to receive orders directly from Asian suppliers.
The new facility will employ nearly 300 people of various specialisations, due to CTPark Bucharest West being appreciated as the industrial park with the best quality of life in Romania. LPP focuses not only on a modern and friendly workplace, but also on training the local team in logistics standards and good practice. Care has also been taken to provide commuting facilities - 2 bays are planned for public transport, with a possibility to launch bus lines dedicated to employees. Seven chargers for electric cars have also been prepared in the company car park.
The facility has been designed to take into account ISO14001 certification standards for construction and property management as well as sustainable building principles. The distribution center is currently in the process of BREEAM certification. The building will be equipped with renewable energy sources, with 10,000 square metres of photovoltaic panels of a total capacity of 2 MW installed on the roof. Around 30% of the power supplied from the photovoltaic installation will be directed to the energy needs of the LPP facility.

CTPark Bucharest West spans an area of approx. 830,000 sqm and includes the unique Clubhaus community centre, offering a high-quality working environment for its tenants and over 2,500 employees. Clubhaus offers facilities such as a restaurant, coffee shop, medical services, leisure & entertainment areas, green space and bicycle paths, serving as a community hub for neighbouring districts. A supermarket and sports ground are planned for future expansion phases while the bicycle paths will be extended.

CTP owns Class A warehouses with a total surface area of approximately 2.6 million square meters in multiple cities in Romania, including Arad, Brasov, Bucharest, Craiova, Oradea, Sibiu and Timisoara.

The information provided by KomuniK

Read in full - click here
Video games producer Gameloft closes Cluj-Napoca office

Gameloft, a French producer and developer of video games, has decided to close the studio in Cluj-Napoca, opened 15 years ago, and to fire all 136 employees from this headquarters, the company told Economedia.ro. ...

Romania’s average net wage up real 6.5% y/y to EUR 1,000 in Q1

The average net wage in Romania increased by 14.1% y/y to RON 4,973 (EUR 1,000) in Q1, after the earnings in March surprisingly exceeded those in December – seasonally boosted by yearend bonuses, according to data published by the statistics office INS. The higher net wages in March were in the tobacco processing industry (RON […]

Romania's GDP slows to tiny 0.1% y/y growth in Q1 – flash estimate

Romania's seasonally (and workday) adjusted  GDP rose by 0.5% q/q in Q1, reversing the 0.6% q/q decline in Q4 and bringing the index close to the level in Q3 last year – according to flash estimates published by the statistics office INS.  The flash q/q estimate is roughly half of the expectations expressed...

EBRD says Romania's monetary easing will likely be more modest than in the region in 2024

Along with the consensus scenario of strong fiscal stimulus and robust domestic demand, the European Bank for Reconstruction and Development (EBRD) projects strong economic growth of 3.2% this year and 3.4% in 2025 for Romania, under the latest Regional Economic Prospects report published on May 15. The main vulnerability remains the fiscal position, the EBRD […]

Romania's central bank governor says fiscal correction necessary

The governor of the National Bank of Romania (BNR), Mugur Isărescu, speaking at the Inflation Report unveiling on May 15, declared that a fiscal correction is "absolutely necessary," but it is hard to carry out such policies during an electoral year such as 2024.  "[The fiscal correction] is absolutely necessary, and we encourage the government […]

EC expects fiscal stimulus to boost Romania's GDP but also public deficit this year and in 2025

Reflecting the discretionary rise in public wages, the pension reform, and the strong public investments and despite the first fiscal corrective package passed in 2023 (with a positive impact of 1% of GDP this year), Romania's budget deficit will rise from 6.6% of GDP last year to 6.9% of GDP this year (ESA terms), according […]