Leading Fashion Brand LPP Signs Deal for New E-Commerce Facility at CTPark Bucharest West
July 23 2024 - 4:00AM
Business Wire
Regulatory News:
CTP, Europe's largest listed developer, owner, and manager of
industrial and logistics properties by gross lettable area (GLA),
announces LPP, one of Central Europe’s fastest growing fashion
retailers is moving into a new e-commerce facility at CTPark
Bucharest West. LPP, which is already an occupier at the Park is
together with CTP, extending its current building to support the
delivery of the new facility. This will take LPP’s total footprint
at the Park to around 90,000 sqm with the new e-commerce facility
comprising around 40,000 sqm with the remainder of the building
being used as an LPP distribution centre.
LPP’s new e-commerce facility represents a significant strategic
move for the business as it bolsters its e-commerce operations,
providing ample space for online sales fulfilment. The facility
that is set to employ up to 1,500 people, will benefit from the
latest technology including state-of-the-art conveyor systems and
workstations with the capacity to store up to 4 million items. The
e-commerce facility will also be highly sustainable in its
operations with photovoltaic panels, a rainwater recovery system
and electric car charging stations enhancing energy efficiency and
sustainable travel to the Park.
CTPark Bucharest West is the largest industrial park in Europe
spanning approximately 857,000 sqm. It is ideally located to
support businesses with the manufacturing, transport and the
distribution of goods. The Park sits on the A1 highway providing
excellent access to Bucharest’s growing population and the rest of
Europe, while the major Port of Constanta on the Black Sea is also
within easy reach. The close proximity to the Port of Constanta
will also enable LPP to efficiently receive orders from its Asian
suppliers. The new e-commerce facility will also support deliveries
from the wider LPP logistics network and act as a cross-dock hub
for deliveries from Poland.
CTPark Bucharest West also benefits from CTP’s unique Clubhaus
concept that means the park goes far beyond providing logistics
space alone. Clubhaus is an onsite community hub for the Park’s
2,500 employees that includes spaces for meetings, lectures, and
training sessions, alongside a canteen, supermarket, amphitheatre,
outdoor areas for exercise and an onsite surgery for medical
appointments. All this helps ensure CTPark Bucharest West functions
as a thriving business ecosystem as well as a logistics
destination.
Ionuț Anghel, Regional Development Manager at CTP,
said: “LPP’s new e-commerce facility at CTPark Bucharest
West has been designed and delivered to meet LPP’s individual
requirements that will support the continued growth of its
business. We worked closely with LPP at every stage to ensure the
facility could be successfully delivered within a tight timeframe.
It represents another shining example of how we build close
relationships with existing clients to become their long-term
property partners. Because we have an understanding of their
business we’re ready and able to deliver the space they need when
they need it.”
Sebastian Sołtys, President of the Management Board of LPP
Logistics, said: “The recognition of LPP brands in Southern
Europe built for several years now is paying off in the form of
positive results and optimistic sales forecasts. For logistics,
this means the need to optimise processes and adapt them to growing
volumes, so that at the final stage the customer can enjoy product
availability and fast delivery. In order to meet these
expectations, we have decided to launch the second e-commerce
warehouse in Romania, which will allow us to increase our
operational capacity and speed up order fulfilment. This is our
third investment in this country, one of the fastest growing
countries in the region. An unquestionable advantage of this
location is its strategic location in relation to the Black Sea
port of Constanta, which makes it possible for us to diversify our
shipping paths and receive the Group’s orders directly from Asian
suppliers.”
ABOUT CTP
CTP is the largest listed owner, developer and manager of
logistics and industrial real estate in terms of gross leasable
area, with 12.0 million sqm GLA in 10 countries (as of 31 March
2024). The company certifies all new buildings to BREEAM at a level
of ‘very good’ or above and has achieved a low-risk ESG rating from
Sustainalytics, reaffirming its commitment to sustainability. For
more information, please visit: www.ctp.eu.
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