CTP enters a strategic partnership with Poland-based MDC² to develop full-service business parks throughout Poland. Construction in the first three locations will start in Q1 2021 and CTP will invest €200 million during the first year of the project.
“Poland is not only the largest economy in CEE; its strategic location and proximity to Germany also make it a logistics hotspot,” explains Remon Vos, CEO of CTP. “As we start construction in Warsaw and Katovice, we keep exploring other locations in Poland to build hi-tech, sustainable parks for our 700 clients. The demand we are seeing for logistics and industrial property in the Warsaw area and other large Polish cities is immense.”
CTP partnered with MDC², a logistics developer with offices in Warsaw and Katowice, for the deal announced today in Poland. Hadley Dean, founder of MDC², said: “Poland is the second fastest growing logistics market in Europe and we are delighted to play a meaningful part in CTP’s expansion activities.” MDC² is a team of senior property experts that have developed over three million sqm of logistics parks in the last 15 years.
CTP is active across seven markets in Central and Eastern Europe with operations in the Czech Republic, Slovakia, Romania, Serbia, Hungary, Bulgaria and Poland. With the portfolio of 6,3 million sqm and 700 thousand sqm under construction, CTP is on track to pass 10 million sqm of total lettable area by 2023. CTP is the first industrial developer in the region to have its entire portfolio BREEAM certified.
CTP Group is a commercial real estate owner, developer and manager providing complete services in the logistics real estate sector. The Group specialises in the construction, ownership and management of customer-oriented high-tech business/logistics parks for leading international and domestic companies that are strategically investing in new or expanded projects. CTP Group is the largest full-service owner-developer of prime industrial and logistics property in Central and Eastern Europe (CEE). The Group’s core portfolio consists of 6 million sqm of Class A real estate in over 100 strategic locations in seven CEE countries: the Czech Republic, Slovakia, Hungary, Serbia, Romania, Bulgaria and Poland. As part of its long-term commitment to building and owning the most efficient and sustainable assets, CTP already has 100% of its logistics/industrial portfolio BREEAM certified ("Very Good" or "Excellent") and plans to be carbon neutral in its operations by end-2021.
MDC² is a Polish-based logistics and warehouse developer and manager. The company was established in 2021 by seasoned commercial property professionals: Hadley Dean, Jeremy Cordery, Peter Love and their teams have developed over 3 million sqm of warehouse space over the last 15 years. The company develops, markets and manages sustainable logistics buildings in Poland, the second fastest growing logistics market in Europe. MDC² focuses on the Polish market, developing a single asset base with the use of its team’s 20-year experience in the construction and marketing of logistics and warehouse projects. The joint venture with CTP Group allows MDC² to commence five new construction projects in Warsaw, Łódź, Zabrze, Opole and Iłowa in Q3 2021.
