CTP Responds to Strong Demand on the Czech Industrial Market

#Corporate

Half way into 2018, CTP has been able to fill up properties and have done several major hand-overs due to strong demand particularly on the German border areas.

CTP is currently building property throughout the Czech Republic. While the Prague and Plzen regions are traditional drivers, the region of North Bohemia is developing strongly, supported by labour availability and close proximity to the German border.

Focus on regions near the German border reflects the current trends in the industrial development in the area. After Prague, the next two busiest regions in Q1 were regions of Western Bohemia and Ustí, which were responsible for a fifth of all newly completed space.

In the first quarter of 2018, for example, nearly one-quarter of all new industrial stock was built in the Karlovy Vary region. In all, 212,000 m2 of new industrial space, bringing the total stock in the country above the 7 million mmark. CTP has a strong presence in the growing region, with CTPark Aš with more than 60,000 mplanned in development.