CTP Secures 48,500 Sqm Expansion Deal with LEROY MERLIN in Bucharest

Event summary

  • CTP has signed a 48,500 sqm expansion deal with LEROY MERLIN Romania for a custom-built distribution center at CTPark Bucharest West.
  • The facility, under construction in Phase 1, is scheduled for handover in February 2027.
  • CTP was selected following a pitch process, highlighting its ability to deliver large-scale, flexible industrial real estate solutions.
  • CTPark Bucharest West, Europe’s largest industrial park, offers strategic advantages including proximity to Bucharest and direct A1 motorway access.

The big picture

This deal underscores the growing demand for flexible, large-scale logistics real estate in emerging markets. CTP’s ability to tailor solutions for major retailers like LEROY MERLIN highlights its competitive edge in the industrial park sector. The expansion also reflects broader trends in supply chain optimization and last-mile logistics, particularly in high-growth regions like Romania.

What we're watching

Execution Risk
Whether CTP can deliver the 48,500 sqm facility on time and to LEROY MERLIN’s specifications by February 2027.
Market Positioning
How this deal reinforces CTPark Bucharest West’s role as a key logistics hub in Central and Eastern Europe.
Client Retention
The pace at which CTP can convert existing clients into repeat customers, given that over 70% of its new business comes from expansions by current tenants.

Related topics

Partnership Expansion