ARTICLES LABELLED WITH TAG CTP

CTP has started the development of a new industrial project in Arad with a leasable area of around 100,000 sqm. CTPark Arad West will be the third project owned by CTP in the city. 

CTP has officially launched the construction of a CZK 1.5 billion office building which will close the first stage of the Brno Ponávka complex development and will offer its tenants state-of-the-art technological, and environmentally sustainable solutions. At the same time, a modern urban park worth CZK 30 million is being built in the complex, as a cooperation between the developer and the City of Brno, as well as the third part of the cycle path connecting the Ponávka and Vlněna complexes.

CTP, the developer and administrator of industrial projects, recorded a like-for-like rental growth from its investment portfolio of 4.3% in the first six months of 2022 compared to the same period of last year. 

CTP has appointed Patrick Zehetmayr as Chief Financial Officer. Current CFO Richard Wilkinson will now focus on his previous dual role as Deputy CEO primarily overseeing the Company’s Central and Eastern European markets.

CTP plans to install photovoltaic power stations in its CTParks with a peak performance of 200 – 250 MWp and with the growth of their portfolio reaching 300 MWp.

Leasing volumes in the Romanian industrial and logistics market rose by 50% to 542,000 sqm compared to the same period of last year, with more than half of the activity being generated around Bucharest.

CTP in the Czech Republic has a new CFO as of July. Ivana Ficzová will be in charge of the strategic management of CTP's finances in the Czech Republic in her new role.

Industrial developer CTP will expand its project in Craiova with a new warehouse of 13,500 sqm that has been fully leased. Following the new investment slated for completion by the end of 2022, the total leasable surface will climb to 53,500 sqm.

The modern stock of industrial spaces in Romania reached 5.9 million sqm in the first semester of 2022, with 500,000 sqm under construction and 44% of this volume already pre-let, according to a report by real estate consultancy CBRE.

Industrial developer CTP Group has recently delivered over 100,000 sqm in CTPark Bucharest North, which is becoming a new logistics hub for e-commerce companies. Following an investment of €160 million, this further expansion at the park is expected to push the total leasable area above 200,000 sqm by year-end.