Danish Group DSV Rents 90,000 Sqm from CTP for EUR50M

07.13.2017 By Oana Gavrila

Danish logistics group DSV has reached an agreement with industrial space developer CTP to rent 90,000 square meters for ten year for EUR50 million, sources cited by Ziarul Financiar said.

DSV is one of the largest transport and logistics operators in Europe. DSV has six centers in Romania.

Sources close to the matter said the deal targets 55,000 sqm already built and 35,000 sqm to be developed. In the industrial and logistics sector, rent prices range between EUR2 and EUR5/month/sqm depending on location and road access.

CTP announced on Tuesday it will get EUR75.8 million financing from the European Bank for Reconstruction and Development (EBRD) and Banca Comerciala Romana (BCR) to expand its logistics park CTPark Bucharest West with two new warehouses.