CTP, CEE’s largest industrial property developer, enters a strategic partnership with Poland-based MDC² to develop full-service business parks throughout Poland. Construction in the first three locations will start in Q1 2021 and CTP will invest €200 million during the first year of the project.
CTP, a top 5 European industrial developer with a portfolio of 6.3 million sqm, expands its CTPark network in Poland to satisfy the high demand for logistics properties in the region.
“Poland is not only the largest economy in CEE; its strategic location and proximity to Germany also make it a logistics hotspot,” explains Remon Vos, CEO of CTP. “As we start construction in Warsaw and Katowice, we keep exploring other locations in Poland to build hi-tech, sustainable parks for our 700 clients. The demand we are seeing for logistics and industrial property in the Warsaw area and other large Polish cities are immense.”
CTP partnered with MDC², a logistics developer with offices in Warsaw and Katowice, for the deal announced today in Poland. Hadley Dean, the founder of MDC², said: “Poland is the second-fastest-growing logistics market in Europe and we are delighted to play a meaningful part in CTP’s expansion activities.” MDC² is a team of senior property experts that have developed over three million sqm of logistics parks in the last 15 years.
CTP is active across seven markets in Central and Eastern Europe with operations in the Czech Republic, Slovakia, Romania, Serbia, Hungary, Bulgaria and Poland. With the portfolio of 6,3 million sqm and 700,000 sqm under construction, CTP is on track to pass 10 million sqm of total lettable area by 2023. CTP is the first industrial developer in the region to have its entire portfolio BREEAM certified.
BTS (build-to-suit) warehouses designed and constructed for long-term occupancy in line with individual client preferences and needs account for almost a third of Poland’s total industrial stock or over...