Industrial developer CTP has completed the purchase of six industrial projects and a land bank from Globalworth in Romania for an undisclosed sum.

Industrial developer CTP has appointed Andrei Brînzea as Business Development Director in Romania as part of its growth strategy in the country.

Industrial developer CTP recorded a 20.1% gain of net rental income to €543.2 million in 2023 compared to the previous year over a combination of indexation and reversion on renegotiations and expiring leases.

Industrial developer CTP has opened its first office in Asia in a bid to accommodate growing demand from its clients in this region for investment in production facilities based across Europe. The new office based in Hong Kong will be led by Jaromir Cernik, who joins from fast-growing fintech company Qupital, where he served as a Board Member and Director. 

Industrial developer CTP recorded a net rental income of €268.3 million in the first half of 2023, which was up by 26.8% compared to the same period of last year, while the volume of new leases also rose.

CTP has appointed Peter Čerešník as COO. In his new position, he will oversee the company’s construction GLA and occupancy targets, developing CTP’s energy business into a reliable revenue stream and further progressing the areas of procurement, business development and HR strategy. 

Industrial developer CTP has recorded a net income of €130.7 million in the first quarter of 2023, up 21.9% year-on-year, while the like-for-like rental growth stood at 7.8%, mainly driven by indexation and reversion on renegotiations and expiring leases. The company’s profit for Q1 2023 was €225.4 million which is 274% above the figure for Q1 2022 (€60.2 million).

CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of leasable space by the end of the decade, over the projected growth of demand across Central and Eastern Europe. 

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.

Industrial and logistics developer CTP recorded strong like-for-like rental growth of 4.3% in the first nine months of 2022, while net rental income rose 36.8% to €328.2 million by the end of September compared to the same period of last year.