Leroy Merlin leases 8,800 sqm at CTPark Bucharest West

Business Forum
CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces that Leroy Merlin Romania, one of the leading players in the DIY market, has leased 8,800 sqm within CTPark Bucharest West, strengthening its logistics operations in one of Europe's most significant industrial hubs.

Leroy Merlin, part of the French ADEO Group, is one of the largest DIY retailers in Romania, operating an extensive network of 22 stores in 16 cities. Through this new lease, Leroy Merlin will continue its expansion and enhance its logistics capabilities, supporting its mission to serve customers in Romania more efficiently.

Ionuț Anghel, Regional Development Manager CTP Romania, said: “We are delighted to support Leroy Merlin's expansion to CTPark Bucharest West, the largest industrial park in Europe. This collaboration highlights our commitment to providing top-tier spaces and solutions for leading companies like Leroy Merlin, seeking to optimize their operations and expand their presence in Romania. CTPark Bucharest West is more than just an industrial park – it's a place where businesses thrive thanks to the facilities and community we have built here”.

Ionut Vasile, Supply Chain Leader at Leroy Merlin Romania, said: "We have decided to expand our logistics operations at CTPark Bucharest West primarily for strategic reasons. The demand for Leroy Merlin products in Romania is on the rise, and customers' growing preference for diversity and quality at competitive prices is increasingly evident. Therefore, we need a suitable space that can accommodate both current and future volumes. Specifically, this expansion will help us optimize fulfilment processes for our kitchen and sanitary product ranges and allow us to prepare in advance for the gardening season—an area that has been exceptionally well-received this year and is projected to achieve similar success in 2025".

With approximately 857,000 sqm of existing space and a planned total of nearly 1.5 million leasable square meters, CTPark Bucharest West is the largest industrial park in Europe. Strategically located on the A1 motorway, just a few kilometres from Bucharest, the park offers excellent access to a growing population and international markets through swift connections to the Port of Constanța on the Black Sea.

More than just a logistics hub, CTPark Bucharest West is a modern, integrated business ecosystem. Through the unique Clubhaus concept, the park serves as a community hub that supports not only the operational efficiency of its tenant companies but also the well-being of its more than 2,500 employees. Clubhaus provides facilities such as meeting and training spaces, a canteen, a supermarket, an amphitheatre, outdoor exercise areas, and an on-site medical office. These features position the park as a preferred destination for companies in logistics, production, and distribution sectors.

Cushman & Wakefield advised Leroy Merlin on this lease agreement.

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Business Forum  |  11 December, 2024 at 1:07 PM