CTPark Bucharest to become environmentally-friendly with the help of funds from ING and EBRD

ING Bank Romania and the European Bank for Reconstruction and Development (EBRD) have offered funding for CTPark Bucharest industrial park, located on A1 Bucuresti-Pitesti motorway, 2 km away from the capital.

The financing package prepared by the two institutions is worth EUR 96 million, of which ING Bank offers EUR 52.2 million and EBRD – EUR 43.8 million.

The 52 hectares are operated by the Romanian subsidiary of the real estate developer CTP, which owns the largest portfolio of logistical parks in Central Europe, which are rentable Class A properties in a total of over 3 million square meters, located in more than 60 strategic points.

The loan will be invested in developing operations in a series of warehouses with efficient resource consumption, with tenants such as Orange, Iron Mountain or XPO Logistics. A part of the EBRD loan will go towards the construction of a new warehouse in the same location. The new building will be certified as “Very Good” according to BREEAM standards, the most well-known and used method of evaluating environmental performances of buildings. Buildings developed following BREEAM standards ensure the well-being of the people who work in them, they protect natural resources and make the property more attractive for investments.

Romania’s economy remains one of the most intensive in the EU, with double energy consumption than the EU average. Its residential, commercial, public and private buildings are large consumers of energy, representing 40 percent of the total national consumption.

At the moment, only three industrial parks in Romania are energy-efficient. CTPark is in the process of obtaining certifications for its other spaces in the country, CTPark Bucharest West, a project that was financed by EBRD last year.

Mihaela Bitu, Head of Wholesale Banking at ING Romania: “At ING, sustainability is at the centre of our values and strategy. We are certain that those companies that today are taking into account climate change and limited resources and make the transition towards sustainable solutions are the winners of tomorrow’s economy. CTP Group will be one of the winners ING supports both in Romania, as well as in other geographical areas.”