CTP Breaks Ground on 1st Polish CTPark
After getting a foothold in the market in 2015 with through strategic acquisitions, we are in the process of groundworks on our first bespoke development there. At CTPark Opole, we have just broke ground on a 13,000 m2 facility for one of our long-term clients, and plan modest organic growth at the park. With additional land available, the park has a planned built-up area of nearly 71,000 m2.
In Q4 2016, we concluded our first lease agreement at CTPark Opole with long term client, International Automotive Components.
Having broke ground on our first bespoke CTPark in Poland in Q1 2017, CTP continues to seek opportunities in strategic Polish cities to strengthen our presence in this key CEE market.
Due to client demand and market conditions, CTP has been able to grow our position in Poland and has intensified our business development activities in 2016. We successfully completed the acquisition of strategically located cross-dock facility currently leased to long-term client, DHL, and we continue to seek opportunities across Poland for both acquisition and development opportunities.