CTP announced a new aggressive growth plan to achieve a portfolio size of 10 million sqm by 2023. In order to reach this ambitious goal, CTP is taking steps towards various options to further strengthen its capital base and enhance its growth prospects. The company is currently considering partnering with a strategic investor.
The size of the portfolio under consideration for sale is confidential. CTP has appointed Cushman & Wakefield as its exclusive representative to lead the transactions.
The CTP logistics portfolio is based in the core markets of Central Europe including the Czech Republic, Slovakia, Hungary, Romania, Serbia and Poland and is comprised primarily of CTP-developed premium space, occupied by some of the world’s most respected and innovative companies, who represent a wide range of business sectors.
At the end of 2019 CTP’s entire portfolio including offices and hotels stood at over 5.5 million sqm with a further 760 thousand sqm under construction. CTP holds the leading market position in the Czech Republic, Slovakia, Hungary and Romania with a rapidly growing presence in Serbia.
CTP is also committed to reducing its carbon footprint and is targeting to have carbon-neutral property operations by 2023.
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