News Article CTP Czech Republic industrial leasing Ostrava
by Property Forum | Industrial

CTP has leased approximately 40,000 sqm at CTPark Ostrava Hrušov in the Czech Republic to Vitesco Technologies. The company has operated a high-tech R&D centre nearby at CTPark Ostrava for the past 10 years.

The deal at CTPark Ostrava Hrušov lists 36,100 sqm of warehouse space, a 1,500 sqm office and 2,300 sqm of sanitary space, located in the 74,000 sqm expansion of CTPark Ostrava Hrušov which will complete by the end of 2024.

This space will be used for a new €190 million production plant with a fully automated logistics centre. The operation of the plant will begin at the end of 2024 when the plant will be staffed by 150 employees, whose number will continuously grow until the full capacity of over 1,000 people in 2027.

Jakub Kodr, Head of Business Development, Czech Republic at CTP, said: “Ostrava Hrušov is our newest park in the region and has revitalised the brownfield site of a former chemicals plant. Vitesco's new facility will bring further added value.“