ARTICLES LABELLED WITH TAG CTP

Romania recorded new real estate investments worth €85 million in the first quarter of 2021, down 42% year-on-year, in line with the lower results of other markets in Central and Eastern Europe, according to a report by Colliers. 

In its first financial results announcement since the IPO in March 2021, CTP recorded a 16.9% growth of net rental income in Q1 2021 vs Q1 2020, increasing its market share in its core CEE markets to 24% by the end of Q1 2021 and more than doubling leasing activity to 397,000 sqm GLA (compared to 184,000 sqm in Q1 2020).

CTP has acquired 17.9 hectares of land in northern Bucharest for an undisclosed sum. The land was bought from two businessmen who were planning to invest €50 million in a logistics project. 

CTP has announced the acquisition of an industrial park in Žilina, consisting of existing buildings and land for further development in a strategic location near Žilina airport. The new park will provide a leasable space of 145,000 sqm after completion. CTP plans to invest €200 million over the next two years to more than double its current Slovak portfolio of 460,000 sqm in 12 locations to 1 million sqm of lettable space.

In Romania, CTP aims to complete the construction of its new buildings with a total area of 300,000 sqm by the end of 2021 and the investments dedicated to these projects will reach €200 million.

CTP today announced that the offering of its shares has been successfully priced at €14 per share. Listing of and first trading in the shares on an “as-if-and-when-issued” basis on Euronext Amsterdam commenced today, Thursday 25 March 2021 at 9:00 CET.

Investors and developers from all over the world are in a race for a slice of Poland's rapidly-developing warehouse market cake. Property Forum takes a look at the new and expanding players that have made headlines in recent months.

CTP is starting the construction of 80,000 sqm in Vecsés, a strategic location near Budapest Airport. With the market-leading 250,000 sqm under development in Hungary and high demand of the logistics and industrial space due to its large undersupply in the entire CEE region, CTP will reach the target of a 1 million sqm portfolio in the country already by the end of 2022, a year ahead of the originally projected forecast. CEE’s largest industrial developer already manages 10 parks in the size of 520,000 sqm in the country.

CTP has completed the acquisition of 27.5 hectares of land close to Belgrade city centre and is moving plans forward to develop CTPark Belgrade Centre, which will become Serbia’s largest logistics and technology facility to date with over 130,000 sqm of gross lettable area. The new CTPark will be strategically located 6 km from Belgrade’s city centre, 2 km from New Belgrade, and 5 km from Airport Belgrade.  

CTP has announced its intention to launch an initial offering and to apply for admission to listing and trading of its shares on Euronext Amsterdam. The logistics investor and developer aims to raise between €800 million and €1 billion.