Industrial developer CTP has opened its first office in Asia in a bid to accommodate growing demand from its clients in this region for investment in production facilities based across Europe. The new office based in Hong Kong will be led by Jaromir Cernik, who joins from fast-growing fintech company Qupital, where he served as a Board Member and Director.
Cernik’s initial focus will be on developing clients in Mainland China, Hong Kong and Taiwan. CTP says that companies are increasingly seeking to build resilient and ESG-compliant supply chains by nearshoring their production capabilities closer to their end customer base. Furthermore, the EU aims to encourage companies selling goods in Europe to make them in Europe.
The head of the Asia office says that CTP already has an excellent track record of delivering for space for a multitude of Asian clients and his goal is to further build this market.
Remon Vos, CEO of CTP, said: “Asia is an extremely important market for us, with an increasing number of our long-term clients looking to base more of their operations closer to European markets as the rise in nearshoring gathers pace. Establishing an office in Asia will enable us to better support our clients’ evolving operational requirements in Europe, where we have immediate access to a significant landbank across CEE, and as an owner-developer we can create space tailored to our clients’ requirements and manage it for them for the long term.”
One CTP client increasingly nearshoring is Taiwanese electronics manufacturer Inventec, which supplies some of the world’s largest computer and automotive companies. The company will consolidate its operations in a new 52,000 sqm warehouse that is developed by CTP in the Czech Republic.
