Leading European logistics developer and operator CTP will invest €300 mln apiece in Germany and Poland as it plans to double its portfolio to 20 million m2 by 2030. The move, comprising a total investment of €600 mln, forms part of CTP’s wider strategy to double the size of its pan-European network of business parks by the end of the decade.
The Euronext-listed developer, operator and owner has a current portfolio of 10.9 million m2 as at end of Q1 2023 and a development landbank of 20.7 million m2 as at end of Q1 2023 across its markets.
It aims to almost double the total GLA of industrial and logistics space in its portfolio with new developments through to 2030, generating annual rental income of €1 bn across a 20 million m2 portfolio.
Source: https://propertyeu.info/Nieuws/EXCLUSIVE-CTP-plans-600m-spend-in-Poland-and-Germany-in-bid-to-double-holdings/826a88ca-00c2-4d39-a0cc-10f9dd192141, on 25 May 2023