CTP ACQUISITION OF GLOBALWORTH INDUSTRIAL PORTFOLIO IN ROMANIA
CATEGORY
Investment Deal of the Year, CEE
The project involved the strategic acquisition of a 270,000 sqm GLA industrial portfolio and a 30-hectare landbank across six key locations in Romania. This portfolio includes six industrial parks, offering a well-balanced mix of locations near CTP’s existing parks in Bucharest and Arad, along with complementary sites that enhance CTP’s footprint in the region, such as Pitesti, Oradea, and Timisoara.
The tenant mix features top-tier, triple-A quality occupants, all housed in BREEAM-certified buildings, reflecting our commitment to sustainability and high standards of operation.
Name of the deal
CTP ACQUISITION OF GLOBALWORTH INDUSTRIAL PORTFOLIO IN ROMANIA
The date of closing the deal
Q2 2024
Value of the transaction (in EUR)
168600000
Yield
Reversionary Yield >9%
Seller, plus brief information about the company
Globalworth is the leading office investor in Central and Eastern Europe (CEE), specializing in acquiring, developing, and managing high-quality office spaces. With a strong presence in key markets such as Poland and Romania, Globalworth provides premium office environments to a diverse range of tenants, fostering business growth in the region.
Consultancy which advised Seller
not disclosed
Purchaser, plus brief information about the company
CTP is a leading European developer and owner of logistics and industrial real estate, with a focus on delivering sustainable, high-quality business parks. Operating across Central and Eastern Europe (CEE), CTP provides a vast portfolio of premium, BREEAM-certified properties that cater to a wide ra
Consultancy which advised Purchaser
not disclosed
Financing institution
The project was financed through a combination of equity and debt, as we took over the seller's existing loans.
Current occupancy level
90
Please say why this deal should be considered for the award
We are proud to highlight two key aspects that make this deal stand out. From a transactional perspective, it represents the largest investment deal of FY2024 in Romania, both in terms of GLA and total investment value. Additionally, the expertise of our M&A teams was critical in driving rapid progress during the implementation phase, despite the complexity of the negotiations. Their ability to navigate these challenges ensured a successful outcome for both parties.
