Life in the provinces

Office & mixed-use development
CZECH REPUBLIC In times when the attention of real estate investors and developers - at least as far as offices are concerned - remains firmly fixed on the capital cities of the region, in the Czech Republic CTP has been leading the way out of Prague with a number of prominent office investments in Brno and Ostrava.
The company recently purchased a 3.5 ha plot close to the Vaňkovka shopping centre in Brno's Vlnena district for the development of an 85,000 sqm business park. Construction work is also continuing on its CTOffice project in the same city, where the building in phase two will bring the total available office area up to 18,600 sqm. Meanwhile in Ostrava, work on the second stage the IQ Ostrava office project is to begin, after the successful leasing and completion of phase one to IT services company Tieto (app. 22.500 sqm). Set up in 1998, originally CTP was an industrial developer before moving into office development. To date it has developed 23 CTPark logistics and production centres across the Czech Republic, with a total area of 1.9 mln sqm. Using this platform CTP embarked upon its first major office project in Brno, the Spielberk Office Centre, which offers 90,000 sqm of class 'A' offices and mixed-use space. In summer 2012 the company completed phase one of its first major offi
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