CTP Completes 19,000 sqm Letting to Yusen Logistics (Romania) in Bucharest [Yahoo! Finance]
NIPPON YUSEN KBSHKI S/ADR (NPNYY)
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Source: Yahoo! Finance
logistics properties by gross lettable area (GLA), has agreed a five-year lease for 19,000 sqm of warehouse space at CTPark Bucharest in Romania to Yusen Logistics, a leading global logistics provider. Founded in 1955, Yusen Logistics is a global supply chain logistics company that provides ocean and air freight forwarding, warehousing, distribution services, and supply chain management, and has added to its circa 1.3 million sqm of existing warehousing space across 140 facilities in Europe with this new lease, which was advised on by CBRE. Situated in a prime industrial corridor of Bucharest, CTPark Bucharest provides excellent connectivity to major transportation routes, thus enabling efficient and streamlined logistics operations. Yusen Logistics (Romania) will use the space for third-party logistics activities, managing goods from 19 countries across three continents for their client. The warehouses leased by Yusen Logistics (Romania) will also undergo significant refurbishmen
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