CENTRAL EUROPE CTP launches EUR 1 bln German development drive
Warehouse & industrialschedule 04 February 2022
The Czech-based industrial developer aims to increase the rental levels of its German portfolio to app. EUR 76 per sqm
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CTP Germany has launched its plans for EUR 1 bln in targeted developments and redevelopment in mainly urban logistics ‘last mile’ assets as Deutsche Industrie REIT’s former portfolio is integrated into CTP’s pan-European platform.
Udo Stöckl has been appointed German COO to support CTP group CEO and CTP Germany CEO, Remon Vos to support these plans. CTP has completed the public takeover and delisting offer for Deutsche Industrie REIT-AG and issued 32,421,325 new CTP shares as part of the settlement, increasing the total number of issued shares to 432,814,135 and the free-float to approximately 23 pct of that total. Kempen & Co is acting as sole financial advisor to CTP for the takeover, while Sullivan & Cromw
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