CTP hits 5 million sqm milestone with its A-Class properties in CEE
CTP announced reaching the 5 million sqm lettable milestone this month. The company has developed a portfolio of strategically located business parks over the past 20 years located throughout central Europe with 95 percent occupancy, creating approximately €280 million of rental income for 2018. The properties have over 415 tenants employing over 60.000 people in a variety of industries, manufacturing, R&D, logistics, distribution and ecommerce across 8 countries.
“CTP is grateful to its long-term business partners, the communities, authorities, CTP´s long-term tenants and financial partners. CTP is looking forward to extending the portfolio whereby more than 60 percent of new projects are being developed for existing tenants. CTP see multiple opportunities in central European region, not only in capitals but also in regional cities, to develop full service business park with a combination of logistics, distribution and high-tech industries,” says Remon L. Vos, CEO CTP.
As part of a strategy to reach a goal of 10 million sqm, the company has invested in and holds a substantial land bank for future growth, with enough land to support development up to 8 million sqm.
“This is for us an important milestone to achieve our goal. We would like to thank all stakeholders, especially our clients, banking and financial partners, the local communities, officials, real estate advisors and letting agencies. And of course, the most important - our superior team of over 370 property professionals who have helped us achieve this milestone,” says Richard Wilkinson, CFO at CTP.
CTP is a commercial real estate developer and manager of high-tech business parks for leading international and domestic companies in 90 strategic locations. Its portfolio includes over 400 properties in sizes from 1,500 to 60,000 sqm units.