CTP plans to invest €200 million in Slovakia to satisfy high demand for industrial property and targets 1 million m2 portfolio by 2023
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.
Bratislava, 30 March, 2021 – CTP, a Dutch industrial real estate developer which has listed on the Euronext Amstersam stock exchange last week, announces the acquisition of an industrial park in Žilina, consisting of existing buildings and land for further development in strategic location by Žilina airport. New park will provide a leasable space of 145,000 m2 after completion. CTP plans to invest €200 million over the next two years to more than double its current Slovak portfolio of 460,000 m2 in 12 locations.
Today, the company acquired an industrial park which will soon become the new CTPark Žilina Air-port. The park now consists of three modern industrial buildings providing 25,000 m2 of logistics space with long-term rental income secured in average for next 7 years, and adjacent land with po-tential to build 120,000 m2 of additional space for companies from CTP’s pool of more than 700 in-ternational and domestic clients. The city of Žilina is in the north-west of the country with close pro-ximity to both Czech Republic and Poland through prime motorway connections. Žilina is situated in Slovakia’s main high-tech/ automotive cluster centred around Kia Motors, Huyndai, and other Slo-vak and Polish OEMs. CTP already operates CTPark Žilina which is positioned at the Kia manufactu-ring site.
CTP has currently 88,000 m2 under development in sites in Bratislava, Trnava, Košice and Prešov. All new CTP buildings are being constructed to BREEAM standards “Excellent” and higher, along with CTP’s longterm commitment to sustainability and carbon neutrality operations. This year, CTP will start installing photovoltaics on their facilities’ rooftops with 2 MWp capacity and plans to do so on its entire portfolio where feasible, including CTPark Žilina Airport.
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. At the end of March CTP has listed on the Euronext Amsterdam stock exchange, issuing 397,017,000 shares priced at EUR 14 per share. This implies a market capitalisation for the company of EUR 5.6 bln.