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CTP Acquires Airport Logistics Park

06

11

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.