Acknowledgment for CTP Invest at CIJ Awards Serbia and SEE
Serbia has been the focus of an increasing level of investment into real estate, including industrial, retail and residential projects. The results of this wave of investment is now making itself felt in the country with increasing numbers of high quality projects hitting the market.
CTP Serbia was awarded in four categories:
– Best Land Transaction,
– Best Industrial Development,
– Best Warehouse/Logistic Development,
– Best Overall Commercial Developer.
For Best Industrial Development the award went to the new 18,500 m2 production facility of the world’s leading automotive interiors supplier Yanfeng Automotive Interiors (YFAI) opened recently in CTPark Kragujevac. CTPark Kragujevac is located north of Kragujevac, on the main north/south artery which connect Serbia with north Europe.
This is one of the four projects carried out by CTP in Serbia, in which the company will invest more than EUR 100 million by 2020 in order to expand its portfolio to 200,000 m2.
The location is next to the Novi Banovci crossroads and has easy access to highways, perfect for first-mile logistics and light manufacturing. 40 minutes drive area covers around 2.5 million of workforce.
This large logistics – distribution center will comprise of three separate buildings, totaling over 70,000 m2 of modern, A-class industrial space.
Finally, the end of the awards were announced by the Best Overall Commercial Developer award. CTP team was very proud to hear that they were announced as the recipient of the award as the biggest industrial full service investor/developer in CEE.
Corporate office in Serbia was founded at the end of 2017 and the Serbian current portfolio covers more than 150,000 m2 within 4 CTParks located in Belgrade, Kragujevac and Novi Sad. All four industrial parks, which include 8 class A industrial buildings were developed and almost fully leased in record time.
CTPark Novi Sad, total GLA 25,000 m²: modern production facilities specialized for exhaust gas turbocharges for BMTS. Construction started in August 2019 and opening is scheduled for April 2020, CTP will invest over EUR 13 million preparing the building for everything necessary for R&D activities. Office space will occupy 2000 m².
CTPark Belgrade West, total GLA 30,000 m²: consists of an acquired building occupied by Phoenix Pharma and CTPs first completed project: SIM1. The building is already fully operational and fully leased, Construction was completed in 5 months within agreed budget, quality and time schedule. Due to high interest, a new building of 7000 m² will be constructed in 2020.
CTPark Belgrade North, total GLA 70,000 m²: Planned construction of 3 separate buildings in the biggest industrial park in Serbia in vicinity of Belgrade. 15.3 ha of land adjacent to the highway A1 and 20 km from Belgrade, bought 2019, building permit obtained, start of construction works planned for Q1 2020.
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