News Article CTP Czech Republic development industrial land logistics
by Property Forum | Industrial

CTP has expanded its Aš industrial park by acquiring building plots and a production facility. At CTPark Aš there are now two fully-leased halls, with a total area of almost 35,000 sqm. The completed park will offer clients a further 45,000 sqm of production space.

Through the acquisition of the building and land, CTP has ensured the potential for constructing a modern industrial park with ​​80,000 sqm of lettable area in total. Manufacturer Petainer Czech Holdings has been operating in the region over the long term and in 2018 expanded its existing plant by leasing warehouse space from CTP. The company has now also agreed with CTP on the sale and long-term leaseback of production space.

“The CTPark complex lies on the outskirts of the town and three kilometres from the German border. Such a location will ensure that the needs of our clients in the Czech and German markets are served,” added Michal Felcman, M&A Manager of the CTP group, who led the transaction. CTP acquired building plots covering ​​11.5 ha, for which it obtained a building permit for the first two structures.