CTP is a full-service commercial real estate developer and manager based in the Czech Republic. Thanks to strategic investments expanding our portfolio of premium business and logistics parks, we are now the fourth-largest industrial developer in Europe and the eighth-largest overall.
CTP specializes in delivery and management of custom-built, high-tech business parks for leading international and domestic companies making strategic investments in new or expanded operations in Central Europe.
Our award-winning portfolio of properties includes the CTPark Network—the largest integrated system of industrial parks in Central Europe—as well as several stand-alone, city-centre A-class office developments, including Spielberk Office Centre in Brno and IQ Ostrava. An extensive development land bank, together with retail and mixed-use holdings, balance the portfolio.
CTP’s full-service platform incorporates all aspects of the development process under one roof—everything from land purchase, permitting and financing to design, construction, and fit-out, followed by comprehensive property management, park management, and client after-care services. Our dedicated team of over 160+ professionals brings the right mix of talent, experience, hard work and entrepreneurial spirit to each new project.
CTP and new financial partner pbb Deutsche Pfandbriefbank, executed a EUR 132 Million financing for the premium property, CTPark Bor, at MIPIM 2015. The deal includes a portfolio of existing buildings, as well as a line of financing for extension of the park in the future.
Charles Balch, Head of Real Estate Finance International, UK & CEE at pbb, added: “pbb is very pleased to start a lending relationship with CTP, the major player on the Czech logistics and industrial market. The logistics market in the Czech Republic remains strong.”
CTP also announced that it has signed a EUR 30 million financing deal with long-term financial partner Société Générale & KB group for the BREEAM Excellent rated building A3.2 in CTPark Brno.
“CTP is delighted to have reached an agreement with our long-term financial partner, SOCIÉTÉ GÉNÉRALE & KB GROUP, on the financing of one of our key R&D campus buildings in the CTPark Network. We appreciate working with SOCIÉTÉ GÉNÉRALE & KB GROUP, with whom we have cooperated for many years already,” stated Radek Zeman, CTP CFO
CTP gets off to a strong start in 2015. In Q1 of this year, CTP commenced construction on a secured pipeline of approximately 300,000 m2 of A-class industrial property, 70% of which will be delivered by July 2015. CTP has upwardly revised its business plan to achieve 5 million m2 of Total Lettable Area by 2020 ahead of additional expected growth.
Growth was not only confined to CTP’s home market, the Czech Republic. CTP added nine business parks to its region-wide CTPark Network in 2014 and further construction projects are currently underway in two central European countries scheduled for completion in 2015.
Preliminary 2014 financial results are expected to show over 12% growth in gross rental income to approximately EUR 135 million. Last year, CTP signed new loan agreements totalling EUR 717 million. This represents financing agreements for approximately 63% of the company’s portfolio, one-third of which was concluded in Q4 alone. In 2015, CTP has already signed loan agreements totalling EUR 140 million. An additional EUR 220 million is expected to be agreed in Q2.
“CTP’s growth is driven by the industrial sector. Our industrial clients continue to bring more activities to central Europe, and also strong performance in the e-commerce industry is a factor. CEE markets like the Czech Republic are proven staging grounds for significant, added-value investments in core industries such as automotive, high-tech manufacturing, logistics, and cutting-edge R&D. CTP got off to a great start in 2015, and we are well on target to reach our business goals,” stated Remon Vos, CTP CEO
“Looking to 2015, we maintain a positive outlook regarding further yield compression, which we expect will increase the value of our properties by 5% to 8%. We expect gross rental income in 2015 to reach EUR 150 million,” stated Radek Zeman, CTP CFO
“Whenever there is a situation in Brno that needs to be solved, and the people in Brno say: ‘don’t worry, we will solve it,’ the people at ABB HQ know it will be done. This says a lot about the level of people we have and we can hire in Brno.”
The importance of the Brno region and the Czech Republic as a whole for DHL will only grow in the future”
“The Czech market is very important for us in the central European zone.”