CTP expands CTPark Belgrade North with warehouse and land acquisitions

European industrial real estate developer CTP is expanding its industrial park north of the Serbian capital, CTPark Belgrade North, following the purchase of a 28,500 sqm warehouse and adjacent land for further development from Austrian-based real estate developer Eyemaxx. As a result, the overall capacity of CTPark Belgrade North now stands at 50,000 sqm, with the landbank enabling to achieve about 115,000 sqm of leaseable space at the location.

CTP has acquired a warehouse building from Eyemaxx at the end of 2020. The property currently accommodates the operations of companies such as Lidl, Mercata VT and Flux Systems. The acquisition is a steppingstone to further extension of the CTP north of Belgrade. “In January, we will start construction of a new, 25,000 sqm warehouse, which will be finished in the second quarter, with more development in the pipeline,“ explains Vlatko Djuricek, Country Head for Serbia at CTP. “There is huge interest in industrial and logistics complexes so close to the capital, with a direct connection to the A1 highway as a bonus.“

CTP has secured the land enabling to offer 115,000 sqm of lettable space at CTPark Belgrade North location. The company also owns and operates other modern industrial parks in Serbia, located in Kragujevac, Novi Sad or CTPark Belgrade West, which positioned also at the Serbian capital city.

CTP’s portfolio currently exceeds 6 million sqm of lettable area. The company—which was established 22 years ago in Humpolec, on the D1 motorway between Prague and Brno—today has a presence in seven countries in CEE: the Czech Republic, Slovakia, Hungary, Serbia, Romania, Poland and Bulgaria. It is also exploring opportunities in other countries in the region. CTP’s target is to reach a portfolio of 10 million sqm of the leasable area by 2023, with plans to dramatically increasing expansion, both in its current markets and into new markets.