October 21, 2014

CTP finalizes acquisition of Industrial Park on D8 highway north of Prague

CTP finalizes acquisition of Industrial Park on D8 highway north of Prague

CTP recently met with representatives of sellers AFI Group and ProDelta at the legal offices of Dentons in Prague to complete the final signing of a purchase of its third industrial park in the Prague region. The park currently consists of a newly constructed building of 21,000 sqm and adjacent land available for 70,000 sqm of new development.

The property, formerly known as the D8 European Park, will be rebranded to CTPark Prague North and refurbished to meet the standards of CTP portfolio.

“CTP is very pleased to extend our presence on the Prague real estate market, which we recently entered with the Airport Logistics Park at the Prague Airport and the CTPark Prague East, situated at the intersection of D1 highway and the Prague ring road,” commented Radek Zeman, CTP CFO.

CTP is a full-service commercial property developer specialising in the design, construction and management of custom-built, premium-class properties for lease in the Czech Republic and throughout Central Europe.

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