CTP Announces Aggressive Growth Plan to 10 million m2 by 2023
CTP announced a new aggressive growth plan to achieve a portfolio size of 10 million m2 by 2023. Company is currently considering partnering with a strategic investor.
CTP achieved a capital base of over EUR 2.5bn at the end of 2019 and the company is well placed to achieve the target of growing its portfolio to 10 million m2 of lettable area by 2023. The size of the portfolio under consideration for sale is confidential.
The CTP logistics portfolio is based in the core markets of central Europe including the Czech Republic, Slovakia, Hungary, Romania, Serbia and Poland and is comprised primarily of CTP-developed premium space, occupied by some of the world’s most respected and innovative companies, who represent a wide range of business sectors.
At the end of 2019 CTP’s entire portfolio including offices and hotels stood at over 5.5 million m2 with a further 760 thousand m2 under construction. CTP holds the leading market position in the Czech Republic, Slovakia, Hungary and Romania with a rapidly growing presence in Serbia.
CTP has a track record of success, with over 21 years of continual growth based on its commitment to high quality buildings, sustainable building practices, and high level of in-house customer service. The CTPark Network is central Europe’s largest system of strategically located parks, covering 6 countries, with over 500 clients. Customers benefit from the Network’s scale and reach across the growth markets of central Europe, and can grow their business in the locations that best suit their needs, knowing they have a long-term development partner in CTP, whose vision aligns with theirs.
CTP is also committed to reducing our carbon footprint and we have the target to have carbon neutral property operations by 2023.
CTP has appointed Cushman & Wakefield as their exclusive representative to lead the transactions.