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Outlook 2022

Outlook and Priorities for 2022

The Group performs well ahead of its original 2023 GLA target and is completing its new five-year strategic roadmap with new ambitions for a clear plan of value delivery. CTP expects an on-going demand growth coming from existing and new clients alike and is focused on executing its strategy consistently across markets. The highlights of this plan will be shared with stakeholders in the first half of 2022, which has been articulated by CTP’s Top-30 Leadership. The plan will include the build-out of CTP Germany, integrating the DIR team of professionals and property portfolio into the Group. CTP intends to double the size of its German portfolio by 2026, with €1 billion allocated to Germany for capital expenditure for greenfield, brownfield and upgrade investments.

CTP expects a continuation of strong market fundamentals in 2022, enabling the Group to realise a GLA target of 10 million sqm (excluding CTP Germany, but including the portfolio of 390,000 sqm that CTP operates under management on behalf of DEKA). The Group intends to deliver approximately 1.5 million sqm of newly developed GLA, of which already 958,000 sqm was under construction at year-end 2021, the vast majority of which is scheduled for completion in 2022. The Group targets double-digit GLA growth over 2022 in each of the markets where it operates. In addition, it intends to add a further 500,000 sqm of GLA by way of strategic acquisitions. These are targeted across CTP’s ten markets of operation. Land bank investments are planned for approximately €150 million during the year. These GLA growth ambitions for 2022 should enable the Group to grow its market share beyond its current 27.5% in the Core Markets.

Group aims for its major operational KPI’s are a WAULT beyond 6.5 years, a rental like-for-like growth of more than 1.7%, and Yield-on-Cost in excess of 10%.

The Group expects to further attract professional staff to realise our ambitions, including further investing in our ESG function to scale up the operations, and especially to support the ambitions of CTP’s New and Expansion Markets. It is expected that headcount will grow beyond 650 FTE at year-end.

Landbank 2021 by Market Group (in SQM mln.)

Landbank 2021 by Market Group (in SQM mln.)

GLA Under Construction YE 2021 (SQM)

GLA Under Construction YE 2021 (SQM)

2022 Guidance (in million SQM GLA)

2022 Guidance (in million SQM GLA)

Development Pipeline, YE 2021, year of delivery (SQM)

Development Pipeline, YE 2021, year of delivery (SQM)
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