Garbe Industrial Real Estate GmbH continues to expand in the Czech market and joins a project in České Budějovice. The developer’s largest project so far was carefully selected and is located in South Bohemia. The region has great potential with connections to key European markets.

CTP has increased its rental portfolio to some 664,000 sqm gross with the completion of its latest project in Biatorbágy. The company has been developing its industrial parks, with 235,000 sqm of new space in advanced stages of construction and a further 322,000 sqm to start construction in the near future with an added emphasis on sustainability.

Milan Kratina, CEO of Czech-based logistics developer Accolade talked to Property Forum about investment plans, environmental awareness and the current eagerness of banks to finance new warehousing projects.

Garbe Industrial Real Estate GmbH enters the Slovak market with an acquisition of land with a zoning permit comprising 70,000 sqm. This follows the company’s successful start of activities on the Czech market. Garbe’s plans in Piešťany include the new development of two buildings with a total size of 26,000 sqm.   

The European Bank for Reconstruction and Development (EBRD) has invested €42.5 million in a €500 million green Eurobond issue by real estate company CTP to support its portfolio expansion, thereby increasing the supply of green real-estate stock across the EBRD’s regions.

CTP has completed its largest green bond issuance to date, following the company’s March IPO and recent inclusion in the Euronext AScX index. Structured as a dual-tranche, CTP raised a total of €1 billion under its €4 billion EMTN programme. The issue included a €500 million four-year tranche and a €500 million eight-year tranche. Total demand for the issue reached nearly €4 billion, evidencing the solid standing that CTP holds on the international bond markets.

GLP has leased a 43,000 sqm unit at Sziget Logistics Centre to Fiege Group, a leading European logistics company that specialises in efficient supply chain solutions.

VGP and Allianz Real Estate, acting on behalf of several Allianz Group companies, announced a successful eighth closing with its 50:50 joint venture, VGP European Logistics. The transaction comprised of four logistic buildings, including two buildings in a new VGP park and another two newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture. The four buildings are located in Germany (three) and in the Czech Republic (one).

MSL Logistics, a supplier of pharmaceuticals’ logistics services, has expanded its leased space within CTPark Chitila by 6,660 sqm. 

In the last week of June, CTP will join the group of 25 Dutch companies included in the AScX index, which is derived from Amsterdam’s Small Cap Index. This will further increase the company’s investor visibility.