ARTICLES LABELLED WITH TAG CTP

CTP is entering the Pomeranian regional warehouse market in northern Poland - the construction begins at CTPark Gdańsk Port. The Park is set to be the first investment in that region in the company's portfolio with an overall cost of €72 million, including land acquisition, and a yield on cost of around 10%, and will offer tenants two buildings with a total area of almost 119,000 sqm. The first phase of the project is scheduled for completion in the fourth quarter of this year. 

The year 2022 was a successful year for CTP, marked by stable growth and excellent business results. In 2022, the portfolio area in the Czech Republic was expanded by 300,000 sqm, bringing the total area to 3.8 million sqm. Rental income increased by 13% year-on-year to €230.3 million (CZK 5.7 billion). At present, CTP is the largest player in the Czech industrial-logistics property market with a 28% share. 

Titanx Engine Cooling, a supplier of cooling systems for commercial vehicle manufacturers, is ramping up its production and distribution capacity at CTPark Opole in the Silesian region of southwest Poland by leasing an additional 27,000 sqm of space. The new capacity will help meet strong demand from customers in its key German, Polish and Czech markets.

CTP has welcomed several prominent tenants to one of its parks in Ostrava in a short period of time. Companies such as UPS Healthcare, Savera Components CZ, Europapier, and Gebrüder Weiss have moved their activities to CTPark Ostrava Poruba, into which CTP has so far invested approximately €40.4 million (CZK 950 million).

Industrial developer CTP's net rental income amounted to €452.1 million in 2022, which was an increase of 38.3% year-on-year, while like-for-like rental growth was 4.5% last year, mainly driven by reversion on expiring leases and renegotiations, and supported by the 2021 indexation of 1.7%. The company's annual profit decreased by 22.4% from €1,025.9 million in 2021 to €796.5 million in 2022.

CTP has delivered a state-of-the-art 15,000 square metre logistics development at CTPark Sofia Airport to its anchor tenant DSV, the third-largest logistics company in Europe and one of the top ten globally. This second development for Danish-headquartered DSV doubles its total footprint at CTPark Sofia Airport to approximately 30,000 sqm.

Industrial developer CTP Romania will install a photovoltaic power station with a capacity of 1.5 MW in its CTPark Bucharest project as part of its investments in green energy. 

Serbia’s emergence as a manufacturing base with a skilled cost-effective labour force in close proximity to neighbouring EU markets is driving a surge in leasings and built-to-suit developments across CTP’s four industrial and logistics parks in the country.

CTP is completing the construction of a new building at CTPark Prague North. The hall, with the working name D8.7B, will offer 32,000 sqm of facilities upon completion. The second hall, D8.7A, will be completed in August 2023. CTPark Prague North is located close to the capital city and also in close proximity to the D8 motorway. CTP will thus offer new space in a highly lucrative area, which has long been experiencing an overwhelming demand for modern and sustainable business space.

Polish fashion retailer LPP has leased 65,000 sqm in CTPark Bucharest West for its new regional distribution centre that will cover southeastern Europe. The park spans around 770,000 sqm and is located near the Romanian capital.