Leading vertically integrated European logistics property owner-developer, CTP, announced that the offering of its shares has been successfully priced at €14 per share. This means that the market capitalization of the company is €5.6 billion. Listing of and first trading in the Shares on an “as-if-and-when-issued” basis on Euronext Amsterdam commenced March 25, 2021, at 9:00 CET.
“CTP’s listing on Euronext Amsterdam is the next step in an incredible journey. I am proud to celebrate this milestone with my team. We have been passionate about industrial and logistics property for more than two decades. From low cost to high tech, we drive the e-commerce development, enabling cross-dock and the last mile. From a start-up owning a shed, we have grown to become a top-five player owning Class-A property, with over 400 employees, solar on the roof, and honey makers in the garden. As Parkmakers, we are fully BREEAM certified and carbon neutral. We did this thanks to our great network, the cities we invested in, and the over 700 clients who helped us learn and grow this fantastic company. But most of all, thanks to the team, all the talented hardworking, and ambitious people at CTP,” Remon Vos, CEO of CTP, said.
Richard Wilkinson, CFO of CTP, commented: “Following our entrance into the debt capital markets with an investment-grade green bond last year, we have today realised the largest real estate IPO in Europe since 2014. This is a real acknowledgement of the high-quality sustainable parks we own and operate, and of the sound prospects of our business. The strong response we received from investors strengthens us in our confidence that CTP’s Parkmakers vision perfectly fits the future trends in the global logistics and industrial real estate sector. Being a public company gives us the financial flexibility to continue our successful strategy in the future. We look forward to welcoming our new shareholders who are joining us on our journey.”
CTP plays a leading role and is constantly increasing its share in the logistics markets of the Czech Republic, Romania, Hungary, and Slovakia. The company is the fastest-growing logistics real estate developer in Serbia and is expanding its scale of operations in Poland, Austria, and Bulgaria.
At the beginning of February this year. CTP has established a strategic partnership with MDC, a company operating in Poland, to build fully serviced business parks throughout the country within the CT Park network. The construction of the first three facilities started in the first quarter of 2021. In the first year of the project, CTP will invest €200 million.