European logistics and industrial parks developer CTP is planning to expand its operations in order to control an area stretching from the German border all the way towards the Black Sea. This is why the company recently entered the Bulgarian market, with plans to reach 100,000 sqm of leased space by the end of 2021, using a combination of acquisition and brand-new development.
At this point, Bulgaria would become the seventh country in the Central-Eastern European region to be part of the CTP family. Other countries engaging in business with CTP are the Czech Republic, Slovakia, Hungary, Serbia, Romania and Poland.
Regarding CTP’s investments in Bulgaria, the company’s Country Manager, Vladimir Gurdjieff informs of a primary focus on the capital-city of Sofia’s metropolitan area, followed by 3PL, distribution, pharmaceuticals and the FMCG sectors.
Bulgaria has a thriving market, with a growing GDP and a healthy focus on industry and services, according to the CTP Group CEO, Remon Vos. He believes that Bulgaria holds great potential to receive investments in areas such as business parks, offices and logistics centers.