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New CTPark Acquired in Zatec. New Tenant Grammer Moves in

17

05

2013

CTP has acquired a modern business park with 23.6 hectares of land and an existing, 36,000m2 A-class property in Zatec, north-west of Prague.

The acquisition, rebranded as CTPark Zatec, further strengthens CTP's presence in the Central Bohemian region, which has emerged in recent years as strategic European high-tech, automotive and R&D hub.

CTP has also signed a 15-year lease with German automotive components maker Grammer, an industry leader in developing and manufacturing components for car interiors, which will move into the existing building in July 2013, expanding its Czech operations.

CTPark Zatec is the newest member of CTPark Network. The acquisition in early Q2 2013 is CTP's third acquisition in less than a year of stategic land and high-tech premises, which complement and further expand the company's premium-class development portfolio.