IN Brief:
- CTP says its Borča development has potential for 222,700 sq m across 15 buildings on a 40-hectare site.
- Waberer’s Group subsidiary MD International has pre-let 10,000 sq m for third-party logistics and distribution.
- The first tenant aims to move into its purpose-built building in Q1 2027; an expansion to 20,000 sq m remains optional.
CTP has begun construction at CTPark Belgrade Borča in Serbia after agreeing a 10,000 sq m pre-let with MD International, a Waberer’s Group logistics business. The 26 October development announcement concerns a new industrial and warehouse park around 10 km from central Belgrade. The first tenant is expected to take a purpose-built facility in the first quarter of 2027, rather than immediately occupying completed space.
The developer describes a 40-hectare site with potential for 222,700 sq m across 15 buildings, ranging from small commercial units to warehouses exceeding 50,000 sq m. The stated figure is planned development capacity, not floorspace already operating. CTP calls the scheme Serbia’s largest industrial and logistics park by intended area, but it has not published completion dates for all 15 buildings or an investment total for the entire project.
The Borča site serves the Belgrade metropolitan market and is positioned for distribution beyond the capital. Road accessibility is one consideration in a location of this scale, although cargo flows will depend on the customers ultimately attracted to the park, delivery destinations and route restrictions. No freight-volume forecast or quantified reduction in transit times has been released with the project launch.
MD International has committed initially to 10,000 sq m, with an option to increase its footprint to 20,000 sq m. CTP expects the first building to accommodate distribution and third-party logistics services from Q1 2027. That target encompasses construction and handover, followed by the tenant’s own operational preparations. The option for additional space is not a confirmed second completed warehouse or evidence that the larger area is already in use.
Waberer’s had set out a two-stage Serbian warehouse expansion strategy in September, before the latest construction announcement. It described an initial transfer of warehousing activities within Belgrade and subsequent development at Borča. The new milestone is therefore the commencement of construction associated with an already disclosed capacity plan, rather than an entirely new market entry. Keeping those stages separate prevents the same planned expansion from being counted as multiple completed investments.
Moving inventory between existing facilities and a newly built site requires more than physical transport. Stock locations and ownership records have to be reconciled, customers must receive new delivery and collection instructions, and receiving capacity needs to be ready before volume is diverted. Purpose-built space gives the operator an opportunity to specify the relationship between receiving, storage and dispatch areas, but MD International has not announced racking layouts, automation equipment or a measured pallet-position capacity for Borča.
Beyond the initial logistics lease, CTP intends to offer a mixture of smaller flexible units and larger industrial buildings. Its CTBox, CTFlex, CTSpace and CTFit formats are designed for occupiers with differing space requirements. Smaller operations may want local stockholding or light assembly, while larger tenants can need more loading capacity and segregated storage zones. The developer has not confirmed that those possible activities have been contracted to particular tenants at the new park.
A separate CTP property listing shows a slightly different total area from the October construction release and identifies units at different planning stages. The 222,700 sq m figure used here is attributed specifically to the dated launch announcement. Neither figure should be treated as a completed-building survey. Actual deliverable area may change as individual phases receive design approvals and move through construction.
The potential expansion of the MDI accommodation illustrates the difference between reserved future capacity and space available for freight handling now. A second warehouse unit would require further building work, fit-out, staffing and integration into the operator’s systems before it could contribute to throughput. If the expansion proceeds, its timing would have to fit the transfer of operations already described in the September plan. The 26 October announcement does not confirm that the optional additional 10,000 sq m has been commissioned, financed or scheduled for completion.
CTP says the planned park will introduce its smaller CTBox and flexible CTFlex property formats to Serbia alongside CTSpace and CTFit. The announcement cites spaces from 300 sq m to more than 50,000 sq m, although one description of its product range refers to units starting at 500 sq m. Those marketing ranges describe potential configurations, not confirmed tenancy or built area at Borča.
Serbia’s position on routes between Central and South-Eastern Europe supports interest in regional warehousing, but any increase in cross-border goods movement will depend on committed customers, customs handling and road-haulage capacity. The confirmed developments are work commencing at Borča and a 10,000 sq m pre-let. First-quarter 2027 occupation is the next stated target; the optional doubling of MD International’s space remains a possible later phase.
