CTP Promotes Green & Healthy Lifestyle in Annual Bike to Work Event
As a national partner of the Bike to Work event organized by Auto*Mat, we would like to encourage all our clients and tenants to take part and switch your regular means of transport to bike! During the whole of May, individuals as well as teams are encouraged to register at dopracenakole.net and compete in several categories—the longest total distance ridden, the most regular biker and others. Already in 19 cities all over Czech Republic!
Register until April 30th at the website and don't forget to send a photo of you riding from May 2nd to May 25th to the Embassy of the Kingdom of the Netherlands in the Czech Republic through their Facebook for a chance to win a bike!
CTP is proud to sponsor 'dopracenakole' as part of the company's ongoing support of healthy lifestyles. "In all of our parks we provide bicycle racks, bicycle sharing, build bicycle paths, as well as support carpool initiatives and introduce shuttle systems to encourage both a healthy lifestyle as well as encourage environmental responsibility," said Stefan de Goeij, Head of Property Management.
During Q1 2014, CTP signed agreements with five banks resulting in new financing or refinancing of projects with a total volume of EUR 194 million.
Recent transactions include a EUR 92 million refinancing package with long-term partner Česká spořitelna, part of Erste Bank Group, as well as a EUR 20.5 million agreement with VUB, a bank of Intesa Sanpaolo, who now hold EUR 30 million in loans, up from EUR 5.6 million in 2012. These two transactions confirm the parties' ongoing cooperation and reaffirm their long-term financial relationship. Other transactions concluded in the quarter include EUR 28 million refinanced with Raiffeisenlandesbank W/NÖ, EUR 52 million refinanced with Helaba, and a new transaction with Komerční Banka. “We are pleased with the ongoing negotiations and happy with the progress of refinancing our portfolio with both current as well as new financial partners,” stated Radek Zeman, CTP CFO.
During 2013 and Q1 2014, CTP has been able to refinance nearly 80% of its loan portfolio with both existing and new financial partners.
In its annual survey of the top European developers, the european development magazine Propertyeu ranked CTP as the 8th largest developer on the continent, up from the 10th spot in last year's rankings. The ranking is compiled based on completed projects between 2011 and 2013 which are over 5,000m2.
CTP is also proud to announce that the company moved up to the no. 4 position in the 'Logistics' subcategory.
CTP is proud to announce that IQ Ostrava has been certified BREEAM Excellent in the category BREEAM 2009 Europe Commercial: Offices (Fully Fitted).
IQ Ostrava was designed and built to very strict requirements, with materials and interior installations chosen on the basis of a lifecycle analysis. Building technologies include rain recycling systems, sanitary facility water control, and a comprehensive building management system that monitors overall energy and water use.
The development also scored high in the health and well-being category. Contributing factors include IQ Ostrava’s connection to local transport and biking paths, the provision of bicycles, onsite employee showers and preferred parking to support car-pooling efforts. Also highly noted are the inclusion of local trees and plants in the landscaped site plan.
IQ Ostrava's design is based on the highly successful IQ Buildings at Spielberk Office Centre in Brno. Last year, Tower I at Spielberk was certified BREEAM Outstanding.
CTP and Helaba concluded a loan agreement totalling EUR 54 Million to be used for the refinancing of an existing portfolio of 7 buildings in the CTPark Network in Brno, Ostrava, Jihlava as well as in Prague. In addition, this new financing will cover a production facility extension currently under construction at CTPark Ostrava, which is due for handover in March 2014.
CFO Radek Zeman stated, “We are pleased to work with Helaba, which is a strong financial partner and the first bank from Germany to finance CTP. We trust that the mutual co-operation of CTP and Helaba, beginning this year, will result in a long and successful relationship with a long term focus.”
Michael Kröger, Head of International RE Finance commented, “Helaba values the relationship with CTP as a leading and highly experienced investor in the region.”
Helaba is a German Landesbank with a long term business strategy and Real Estate is an important part of it, with financing commercial property in Germany, Europe and the US. In Central Europe, the bank provides investment financing and structured financing for international investors and funds in the Czech Republic, Slvoakia and Poland.
CTP and UniCredit Bank concluded loan agreements totalling EUR 69 Million. The loans will be used to refinance 4 buildings at CTPark Divišov, CTPark Bor and CTPark Brno as well as to finance projects currently under construction at CTPark Bor and CTPark Brno.
The mutual co-operation of CTP and UniCredit Bank, which began in 2010 with a EUR 35 Million loan, has resulted in nearly EUR 160 Million of total financing by the end of 2013. The newly concluded transaction is another milestone in the successfully growing relationship where both partners share the same business philosophy – doing business throughout the Czech Republic to support the growth of businesses such as ABB, Honeywell, TechData and Johnson Controls.
CTP is pleased to continue the fruitful relationship with a financial partner which trusts the CTP business plan and recognises the value CTP brings to the Czech Republic.
CTP is a full-service property developer specialising in the design, construction and management of custom-built, premium-class business properties for lease in the Czech Republic and throughout Central Europe.
CTP took home awards at two long standing awards ceremonies. At the Czech Top 100 Gala Event which took place at the Proton Therapy Centre, CTP took the podium with a 3rd place overall in the Best Annual Report for 2012 competition. The publication also was awarded 2nd place in the Design subcategory. The Annual Report is judged on 35 criteria such as clarity of financial information, transparency, design and print quality. CTP is pleased with the result, improving from overall 6th place in last year's competition.
We applaud the finance, support, and design and production team for their success and work well done. And of course we wish to thank our clients and partners whose close cooperation have made this possible.
The Czech Top 100 provides its annual rankings of Most Admired companies in the country, and CTP is pleased to be recognised among its peers as 2nd most admired company in the Real Estate & Business Services category for 2013.
Download the full list here.
On the same evening at the 13th annual CIJ awards, CTP CEO Remon Vos won 1st place in the Industry Leadership category.
Faurecia Facility Awarded 1st Prize in Logistics & Industrial Park Category
New Offices in CTZone Take Second in Administrative Centre Category
On Nvember 5th during the 15th annual 'Best of Realty' competition and gala event, CTP was awarded 1st Prize in the Logistics and Industrial Parks category for the recently finished Faurecia manufacturing facility at CTPark Mlada Boleslav I. CTP would like to thank all parties involved for their superior efforts which resulted in such a successful project.
“This was a challenging project given the tight timeframe for permitting and construction which took place over the winter. From contract to hand over, the development took only 6 months, with Faurecia moving in in May. The successful completion was due in large part to the excellent cooperation with the Faurecia team, as well as to the support of the city and local authorities,” stated Tomáš Novotný, CTP Regional Manager who oversaw the project. “It was also interesting due to the cutting-edge design of the offices and the technological fit-out which was prepared by the CTP design & architecture team,” added Novotný.
CTP financed the project with the backing of VUB/Intesa, which together with Faurecia, represents a total investment of nearly EUR 40 million. Faurecia will be producing exhaust systems for the automotive industry and expects to employ approximately 600 people when running at full capacity.
CTP's high-tech office development in the CTZone Brno took 2nd place the category for Best New Administrative Centre. The jury of Best of Realty cited the project’s quality of working environment, high building standards, and site revitalisation as key success factors.
CTPark Mlada Boleslav won also the Industrial Zone of the Year award in the yearly competition held by the Association of Foreign Investment (AFI). The park was noted primarily for the short 6-month completion time of the 25,000 m2 Faurecia manufacturing facilities, for the investment size of 663 Million Czech Crowns which resulted in nearly 600 new positions.
CTP Acquires Airport Logistics Park
Prague: 5 November, 2013
CTP is proud to announce the acquisition of Airport Logistics Park from from a real estate investment fund advised by Pramerica Real Estate Investors (Luxembourg) SA, adding nearly 56,000 m2 of lettable area to its current portfolio. Airport Logistics Park, located strategically next to Prague's Vaclav Havel International Airport, is ideal for tenants in the light manufacturing, distribution, warehousing and wholesale businesses and currently has 2 units of approximately 4,000 m2 available for immediate move in.
The acquisition, with financing support form its long term financial partner Erste Group, is in line with CTP's business plan to grow its portfolio to 3 million m2 by 2017 and aligns with CTP's other developments and acquisitions in western Czech republic. CTP sees growth opportunities in the SME sector, and looks to offer smaller units in the Prague region, adding value with the backing of CTP's full park and property management services.
CTP is an award-winning, full-service property developer specialising in the design, construction and management of custom-built, premium-class business properties for lease in the Czech Republic and throughout Central Europe. Since 1998, CTP has become the number-one developer of business parks in the Czech Republic, providing strategically located, modern A-class facilities for international and local companies active in logistics, high-tech manufacturing, R&D and other industrial sectors. CTP currently has over 2 million m2 of properties under management, with over 400 Czech and International tenants.