CTP, Continental Europe’s largest listed owner, developer, and manager of high-quality industrial and logistics real estate by gross lettable area (GLA), reports strong income growth from active asset management, with like-for-like rental growth from its investment portfolio of 4.3 percent in the Financial Results for the first six months of 2022.
Remon Vos, CEO said: “CTP enters the second half of 2022 well positioned to navigate economic headwinds, and ready to continue the disciplined execution of its strategy, underpinned by its high-quality income-producing investment portfolio and solid capital structure, which have delivered excellent results in the first six months of the year. Our pan-European network of CTParks is generating robust and growing rental income streams, including like-for-like rental growth from the investment portfolio of 4.3 percent. CTP’s capital-efficient development platform is generating organic, tenant-led growth at a market-leading double-digit yield on cost and that momentum continues building on the foundation of our long-term client relationships with many leading companies.”
He continued: “We are seeing strengthening demand for CTP’s new and existing assets as companies increasingly seek a cost-effective means of enhancing the resilience of their supply chains and manufacturing capabilities. Together with the ongoing constrained supply of suitable assets, these sector fundamentals are translating into material rental growth. CTP’s market-leading position, deep sector knowledge and proven ability to effectively respond to an increasingly complex and fast-changing environment, allows us to continue to deliver attractive and resilient returns”.