CTP is expanding its industrial park north of the Serbian capital, CTPark Belgrade North, following the purchase of a 28,500m² warehouse and adjacent land for further development from Austrian-based real estate developer Eyemaxx. As a result, the overall capacity of CTPark Belgrade North now stands at 50,000m², with the landbank enabling to achieve about 115,000m² of leasable space at the location. The purchase price was not disclosed.
“In January, we will start construction of a new, 25,000m² warehouse, which will be finished in the second quarter, with more development in the pipeline,“ explained Vlatko Djuricek, Country Head for Serbia at CTP. “There is huge interest in industrial and logistics complexes so close to the capital, with a direct connection to the A1 highway as a bonus.“
The company also owns and operates other modern industrial parks in Serbia, located in Kragujevac, Novi Sad or CTPark Belgrade West, which positioned also at the Serbian capital city. CTP’s portfolio currently exceeds 6 million m² of lettable area.