CTP APPOINTS NEW MANAGING DIRECTOR FOR GERMANY
CTP has appointed Alexander Hund as Managing Director of CTP Germany. Alexander will head up CTP’s substantial and rapidly growing operations in the country, as CTP rolls out its plans to double the size of its European portfolio to 20 million sqm by 2030, which will see it invest €1bn in Germany over the coming years.
Alexander joined CTP as Regional Development Director for South Germany. He has been at the forefront of successfully integrating the Deutsche Industrie REIT-AG portfolio into the CTP Group which comprises 1.6 million sqm of GLA on 3.9 million sqm of land after CTP acquired the REIT in 2022 for around €800 million. The acquisition marked CTP’s entry into the German market, and Alexander has played a key role in building CTP’s German team which now comprises over 70 employees in three offices across Germany and 33,000 sqm of industrial and logistics space that is currently under development alongside a 155,000 sqm land bank.
CTP has been highly active in Germany over the last 12 months and will continue to be going forward. It recently announced it will develop a major new high-tech business park in Mülheim in West Germany that will provide over 160,000 sqm of R&D, laboratory, co-working and industrial and logistics space. CTP is also transforming a brownfield site in Wuppertal into a 130,000 sqm new area for research and development alongside a hotel.
Alexander will play a leading role in overseeing the delivery of Mülheim and Wuppertal and other major CTP projects, same as the sustainable growth of the originally acquired Deutsche Industrie REIT-AG portfolio. He will also spearhead the acquisition of new land to secure CTP’s landbank in Germany for the coming years ensuring it can continue with its planned expansion in the country.
Remon Vos, CEO of CTP said: “Alex’s dedication and experience in the German market make him the ideal person to head up our German business. What he has already achieved since joining CTP only last year is nothing short of remarkable and we know he will play an invaluable role as we continue to meet growing demand from clients and consolidate our position in Germany.”