CTP commits €10 million to UN Refugee Agency (UNHCR), to respond to humanitarian emergency in Ukraine and neighbouring countries
PRAGUE, 4 March 2022 – CTP, the largest logistics and industrial real estate developer and operator in CEE markets, has committed €10 million to the UN refugee agency UNHCR to provide humanitarian support for the more than one million people, mainly women and children, who have fled the war in Ukraine into neighbouring countries.
The company is also offering financial support and vacant warehouse space to local relief agencies for emergency supplies at its parks in Hungary, Romania, Slovakia and the Czech Republic – where CTP is opening the doors of apartments to refugees at one of its residential developments, and providing hotel accommodation.
In just seven days, more than one million refugees have fled Ukraine to neighbouring countries. UNHCR is on the ground and is committed to providing life-saving humanitarian assistance to those in need. UNHCR’s operations and capacity have been scaled up, to ensure that people forced to flee find safety and shelter. The UN agency is also providing legal services, psychosocial support and multipurpose cash assistance among other aid to refugees.
CTP’s actions include financial support for various local organizations such as People in Need (Člověk v Tisní) in the Czech Republic and the same organisation in Slovakia, Člověk v núdzi. The company is also offering accommodation at its Domeq residential project in the Czech city of Brno and within the Marriott Courtyard hotels in Pilsen, Prague and Brno. Warehouse space has also been provided for a Food Bank in CTPark Ostrava in the northeast of the Czech Republic.
CTP has already provided warehouse space in Biatorbágy, Hungary and in Bucharest, Romania and has some more capacity to offer to relief organisations to support their distribution operations and storage of supplies at its Slovakian and Romanian locations.
UNHCR, the UN Refugee Agency, leads international action to protect people forced to flee because of conflict and persecution. We deliver life-saving assistance like shelter, food and water, help safeguard fundamental human rights, and develop solutions that ensure people have a safe place to call home where they can build a better future. For more information: www.unhcr.org.
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CTP is Continental Europe’s largest owner, developer and manager of logistics and industrial real estate by gross lettable area, owning over 7.1 million1 sqm of space in nine countries (Austria, Bulgaria, Czech Republic, Hungary, Netherlands, Poland, Serbia, Slovakia and Romania) with a further 1.1 million1 sqm under development. CTP recently expanded into Germany through a corporate transaction which saw the company acquire a further 1.6 million sqm of light industrial, warehouse and mixed-use space.
The Company expects to expand its portfolio to 10 million2 sqm GLA by year-end 2022, a year earlier than the target set out at its Euronext IPO at the end of March 2021. It is the only developer in the region with its entire portfolio BREEAM2 certified and CTP’s operations were validated by external consultancy SCS as carbon neutral (Scope 1 and 2) in 2021, underlying its commitment to being a sustainable business. For more information visit www.ctp.eu
1)September 30, 2021