15. 03. 2021

CTP plans to invest €300 million to kick start operations in the Netherlands

Since the company’s founding 22 years ago, it has grown to be the largest and most sustainable industrial real estate developer in CEE region. After recently announcing its intention to float its shares on the Euronext Amsterdam and setting up the statutory seat in Utrecht, CTP has now appointed a CTP Netherlands Country Head and plans to invest €300 million.

Utrecht, March 15, 2021 – CTP is proud to announce the appointment of Mr. Ralph de Munnik as Head of CTP Netherlands, who holds over 15 years of industry experience in the region. CTP will invest in sustainable logistics and light industrial properties to extend its CTPark network. The Netherlands is a prime distribution country and will serve as a valuable strategic extension of the CTPark network. CTP has earmarked an amount of €300 million to start the acquisition of land and income producing properties at strategic locations throughout the Netherlands.

Remon Vos, CTP CEO, comments:

“As a Dutch native myself, it is a natural step to take the CTPark concept to the Nether-lands after over two decades of uninterrupted organic growth in CEE. We see tenant demand for this expansion into the Netherlands, combined with good opportunities for us to be successful as developers and parkmakers. Together with Ralph, we look forward to building a strong Dutch team and rolling out the CTPark network.”
 

Ralph de Munnik, joining as Country Head of CTP Netherlands, adds:

“I am excited to join CTP and become part of its compelling growth story. CTP’s 22-years of uninterrupted growth underscores the success of Remon‘s strategic vision on logistic and in-dustrial real estate. We are going to set up a strong Dutch team to roll out the unique CTPark approach to the Netherlands and strengthen the European footprint. Working for the industry frontrunner on sustainability, our team will focus on investments in sustainable logistics and light industrial properties in the Netherlands and I look forward to contribute to the continued success.”
 

CTP was founded in 1998 by Mr. Remon Vos, today owning 100% of CTP shares. The CTPark fullservice concept offers a unique combination of space and facilities for companies involved in R&D, light manufacturing, last mile and large scale logistics. Today, its portfolio covers eight countries with a gross leasable area spanning 6.3 million m2, which ranks the company as a top five European industrial portfolio and the leading industrial developer in CEE.  In 2020 the company’s portfolio growth was 15% while it had a 13% increase in gross revenue to €318 million. CTP’s robust growth is spurred by growth trends in ecommerce, third party logistics and nearshoring. CTP is on track to meet its goal to have a GLA portfolio of 10 million m2 by the end of 2023.

In 2020, CTP enjoyed a strong introduction to the capital markets; the company was granted two investment grade ratings from each of S&P (BBB- with outlook stable) and Moody’s (Baa3 outlook stable). As its entire portfolio was BREEAM certified, the company implemented its Green Bond Framework. Since then, it successfully issued three bonds totalling €1.55 billion under its €4.0 billion EMTN Programme; its debut issuance broke the record of the largest inaugural bond in CEE real estate history. On March 4th, 2021, CTP announced a further corporate milestone in publishing its intention to float its shares on the Euronext Amsterdam Stock Exchange and raise €800 million to €1 billion in a primary issuance. With access to such a diversified pool of funding, CTP will be well positioned to realise its growth ambitions.

 

For more information please contact:CFF Communications
Uneke Dekkers + 31 (0)6 50 261 626 / Ruben Cardol + 31 (0)6 55 358 427

CTP@cffcommunications.nl

 

 

 

About CTP

CTP is a top five industrial property and manager developer in Europe and the largest in CEE, holding over 6.3 million m² of logistics space across eight countries. The company plans to expand its portfolio to 10 million m² by 2023. With its entire portfolio BREEAM certified, CTP claims the position of the most sustainable developer in the region and is on track to reach carbon neutrality this year. It has published its intention to float its shares on the Euronext Amsterdam Stock Exchange later this year.

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