Developer and manager of logistics and industrial real estate CTP has signed a lease with Pepco for 55,619m² (598,677ft²) at CTPark Bucharest West in Romania.
Pepco will operate a regional distribution centre from the facility, serving the Romanian market and the wider Central Eastern Europe (CEE) region.
Having previously occupied the building through a third-party logistics provider, the retailer has now entered a direct partnership with CTP.
The agreement reinforces CTPark Bucharest West’s position as a strategic logistics hub for regional distribution operations.
CTPark Bucharest West is the largest industrial park in continental Europe, with approximately 1.5 million m² (c. 16 million ft²) of planned lettable space.
Andrei Marian, business development director CTP Romania, said: “Pepco choosing CTPark Bucharest West reflects the strategic importance of the location, while the switch over to a long term direct lease structure confirms a strong relationship, which we are grateful for.
“We have been able to work closely with Pepco to create a solution tailored to their individual operational requirements and to support their distribution network.
“We are very pleased to continue this journey together and value the confidence they have placed in CTP as a long-term partner.”
