ARTICLES LABELLED WITH TAG CTP

CTP has sealed a long-term strategic partnership with Deka Immobilien involving three prime industrial parks in the Czech Republic - CTPark Plzeň, CTPark Prague North and CTPark Teplice. Deka Immobilien acquired the ownership stakes in the parks with CTP Group continuing to manage and operate the portfolio under the CTPark network brand. Including two development projects, the deal represents 430,000 sqm of premium industrial properties. The transaction volume of €460 million places the deal amongst the largest ever real estate transactions in the Czech Republic.

CPI Property Group announced the appointment of Radek Zeman as Division Director and Barbara Topolska as Country Manager for Poland, in addition to the refinancing of the IGY shopping centre located in Ceske Budejovice, Czech Republic. The newly secured loan of €60 million was provided by Komercni banka for a term of five years.

Belgian industrial and logistics developer WDP has acquired the CTPark Cluj I logistic park from CTP. The park, which was delivered last year, is leased by retailer Profi.

CTP plans to invest €75 million in the acquisition of properties in Belgrade and Novi Sad as well as further developments all totalling 120,000 sqm of lettable area.

CTP announced the appointment of Mr. Gyula Nagy as Chief Financial Officer (CFO) CTP Hungary effective 16 July 2018.

One of the most active industrial and logistics developers of the region has announced major expansion plans for Hungary this year. CTP hopes to increase the value of its Hungarian portfolio to €320 million by the end of 2018 from the current €250 million. Rudolf Nemes, CTP’s Country Manager for Hungary talked about changing tenant needs and challenges on the labour market.

Richard Wilkinson is joining CTP as Group Chief Financial Officer (CFO) effective 1 July 2018 and will be working closely with Robert Pitt, COO, and Remon Vos, CEO, to secure growth, increase market share and profitability.

CTP continues to grow its industrial and logistics portfolio in Romania, the Czech Republic and Hungary. The developer also secured €35 million refinancing for two of its Czech hotels. CTP posted an update on its operations in several countries.

CTP will deliver another logistics park in Cluj county by the end of this year. The 30,000 sqm CTPark Cluj II will be completed in three phases.

CTP is developing a 20,000 square meter warehouse for home appliances manufacturer Arctic in Cateasca, near Pitesti.