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Europe CTP to double in size by 2030

Investment & finance
CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of GLA by the end of the decade, amid forecasts of continued strong demand for industrial and logistics space across Central and Eastern Europe.

CTP's growth target supported by new research that shows demand for industrial and logistics real estate space in its Central and Eastern European markets will outperform Western and Southern Europe. The company's new research report ‘CEE: A Business-Smart Region’ analyses these diverse factors to identify five key drivers of growth, which will support continued outperformance in demand for industrial and logistics space in CEE to the end of the decade. These are: skilled human capital, connected markets, diversifying and expanding economies, rising domestic consumption and strong real estate fundamentals.

CTP is seeing strong demand for its development pipeline in new locations, alongside expansions at its longstanding CTParks, from existing and new tenants across CTP’s CEE markets, which covers the Czech Republic, Slovakia, Romania, Hungary, Poland, Serbia and Bulgaria, and Western EU markets. The demand is being driven by a combination of factors, such as the rise of nearshoring and friendshoring; improved infrastructure, a diverse and expanding economy; the accelerating growth in e-commerce from a low base; as well as skilled workforce and strong labour market fundamentals.

The continued growth in demand for industrial and logistics space in Central and Eastern Europe is underpinned by a unique mix of drivers, with strong economic growth fuelling rising consumptions and continued growth in e-commerce, which has historically lagged behind Western Europe but is now catching up. Meanwhile, greatly improved infrastructure and connectivity, along with a skilled and competitive labour force, means the region is perfectly placed to capitalise on the rising demand.
Bert Hesselink, Group Client Relationship Director at CTP

CTP is Europe's largest listed developer, owner and operator of industrial and logistics properties by GLA, with a current portfolio of 10.5 million sqm. It has assembled a development landbank of 20 million sqm across its core CEE markets, as well as in Germany, Austria and the Netherlands, where it aims to develop a further 10 million sqm of logistics space through to 2030, generating annual rental income of €1 billion across a 20 million sqm portfolio.

Latest news

Warehouse & industrial

Romania LPP signs deal for new e-commerce facility

schedule 23 July 2024
Opr./edited by ANZ

LPP, a fashion retailer, is moving into a new e-commerce facility at CTPark Bucharest West. Together with CTP, the fashion brand is extending its current building to support the delivery of the new facility. This will take LPP’s total footprint at the park to around 90,000 sqm with the new facility comprising around 40,000 sqm.

Material partner

Croatia Exclusive Auction: Unique Investment Opportunity in Istria

schedule 12 June 2024
Eurobuild CEE

Colliers, in partnership with Illyrian Land Funds, is announcing an exclusive auction for a prime development land site in Istria, Croatia. This property, covering 1,603,903 sqm, is ideal for a mixed-use resort development near Vodnjan, a charming town in Istria, Croatia's top tourist region. The site is just a 15-minute drive from the seafront

Warehouse & industrial

Germany Flagship project to be implemented in the port of Straubing in Bavaria

schedule 22 July 2024
Opr./edited by ANZ

The project for the building of one of the largest logistics properties in pure timber has started at the port of Straubing-Sand. The new building, which aims to set new standards in sustainable construction, is being developed by Garbe and its joint venture partner Logicenters, Nrep's development and management platform for logistics real estate.

Warehouse & industrial

Poland Panattoni launches construction for E.G.O.

schedule 22 July 2024
Opr./edited by ANZ

Panattoni has begun construction work on a new BTO centre for the E.G.O., a supplier for household manufacturers. The construction of the manufacturing plant is to start in July this year and the completion is scheduled for the fourth quarter of 2025.

Warehouse & industrial

Poland Tuplex joins Multipark Bydgoszcz

schedule 22 July 2024
Opr./edited by ANZ

The company, which operates in the plastics industry, is a new tenant in Multipark Bydgoszcz, where it took 1,450 sqm of warehouse and office space.

Office & mixed-use development

Poland TechnipFMC stays at Podium Park

schedule 22 July 2024
Opr./edited by ANZ

TechnipFMC has renewed its lease for office space at the Podium Park office building in Kraków. As a result of the renegotiated agreement, the tenant will continue to lease almost 7,000 sqm in the Globalworth-managed complex.

Investment & finance

Poland Alma bought by Polish investor

schedule 22 July 2024
Opr./edited by ANZ

The Alma office building, located on ul. Marynarska in Warsaw, has changed hands. The 8,000 sqm building has been sold by the Astrea company. The purchaser is a private Polish investor.

Investment & finance

Poland First mezzanine loan in CE for Invesco Real Estate

schedule 19 July 2024
Opr./edited by ANZ

Europe Fund III SCSp Invesco Real Estate has completed its first mezzanine lending deal in Central Europe on behalf of Invesco Real Estate Europe Fund III – SCSp (Europe III), the third European value-add strategy in succession for the firm.

Investment & finance

Romania WDP's major acquisition

schedule 19 July 2024
Opr./edited by ANZ

WDP has acquired a portfolio in Romania comprising properties with a leasable area of roughly 136,000 sqm and a large plot of land for a future development with a total potential GLA of more than 300,000 sqm. The value of the transaction is app. EUR 110 mln.

Eurobuild CEE

Poland The summer issue of "Eurobuild" has been released!

schedule 19 July 2024
Eurobuild CEE

The summer, July-August issue of "Eurobuild" has already been published - the publication is, as usual, full of interesting articles and expert analyses, and their titles infallibly bring hope to the hearts of the entire industry!

Public buildings

Poland Nova Marina for sailors in Gdynia

schedule 18 July 2024
Opr./edited by ANZ

In Gdynia, in the historic location of the South Pier and by the yacht harbour, Ghelamco, together with the Polish Yachting Association (PZŻ), will build a multifunctional building with a sailing centre.

ESG

Czech Republic BREEAM Outstanding for The Platform

schedule 18 July 2024
Opr./edited by ANZ

AEW has achieved the BREEAM New Construction ‘Outstanding’ rating with a score of 88.1 pct for its recently completed 36,400 sqm brownfield logistics development The Platform in Pilsen, Czech Republic. 

Warehouse & industrial

Romania VGP Park Bucharest North welcomes DHL Express

schedule 18 July 2024
Opr./edited by ANZ

DHL Express will open a new logistics centre in VGP Park Bucharest North, located in the immediate vicinity of Bucharest, in the town of Ștefănești. The new centre, with an area of 4,100 sqm, will be used for sorting and processing the shipments arriving by air.

Warehouse & industrial

Romania CTP completes first phase of CTPark Arad West

schedule 18 July 2024
Opr./edited by ANZ

CTP has delivered 23,000 sqm from CTPark Arad West project, with an additional 20,000 sqm ready for tenant fit-out. The newly completed 12-metre-high space is leased by companies such as Leoni Wiring Systems Arad, Delfingen, HUF Romania and BNB, and provides state-of-the-art facilities for logistics and production activities.

Warehouse & industrial

Poland Work commences at City Point Targówek

schedule 17 July 2024
Opr./edited by ANZ

The joint venture between Partners Group and Peakside Capital Advisors has launched the construction of the C2 facility at City Point Targówek. The light industrial building will offer 25,000 sqm of space with units starting from 1,000 sqm. Depenbrock Poland is the general contractor for the project.

Warehouse & industrial

Germany Garbe leases in Werne

schedule 17 July 2024
Opr./edited by ANZ

Garbe has signed a long-term lease agreement with Lecangs, a company specialising in warehouse logistics, in Werne, North Rhine-Westphalia. New tenant will use around 21,000 sqm of warehouse space and around 1,000 sqm of office and social space in the logistics property for its German subsidiary Flexispot.

Retail & leisure

Poland Polish retail market continues its strong momentum

schedule 16 July 2024
Opr./edited by ANZ

Cushman & Wakefield has summarised the situation on the Polish retail market in Q2 2024. There were eight new retail completions with the development pipeline comprising app. 400,000 sqm. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping centre footfall and turnover figures.

Investment & finance

Croatia S Immo gradually withdraws from Croatian office market

schedule 16 July 2024
Opr./edited by ANZ

S Immo has completed the sale of the HOTO Business Tower in Zagreb. The office building is located on the south-western edge of the central business district of the Croatian capital and comprises a total leasable area of around 15,500 sqm.

Warehouse & industrial

Poland Fully commercialised in Goleniów

schedule 15 July 2024
Opr./edited by JC

Panattoni has signed a lease contract for over 16,000 sqm in Panattoni Park Goleniów I with logistics operator Fiege. With this deal the entire 60,000 sqm park has been fully commercialised.

Residential

Poland Not only for students

schedule 15 July 2024
Opr./edited by JC

The Collegia Group is launching another investment in the Tricity. A complex that will combine the functions of a student house, hotel and service space will be built at Grunwaldzka Avenue in Gdańsk.

Latest in Investment & finance

schedule 22 July 2024

Alma bought by Polish investor

The Alma office building, located on ul. Marynarska in Warsaw, has changed hands. The 8,000 sqm building has been sold by the Astrea company. The purchaser is a private Polish investor.

schedule 19 July 2024

First mezzanine loan in CE for Invesco Real Estate

Europe Fund III SCSp Invesco Real Estate has completed its first mezzanine lending deal in Central Europe on behalf of Invesco Real Estate Europe Fund III – SCSp (Europe III), the third European value-add strategy in succession for the firm.

schedule 19 July 2024

WDP's major acquisition

WDP has acquired a portfolio in Romania comprising properties with a leasable area of roughly 136,000 sqm and a large plot of land for a future development with a total potential GLA of more than 300,000 sqm. The value of the transaction is app. EUR 110 mln.

schedule 16 July 2024

S Immo gradually withdraws from Croatian office market

S Immo has completed the sale of the HOTO Business Tower in Zagreb. The office building is located on the south-western edge of the central business district of the Croatian capital and comprises a total leasable area of around 15,500 sqm.

schedule 15 July 2024

Revetas has sold The Landmark

Revetas Capital announces the disposal of the office park The Landmark in Bucharest to Vectr Holdings, through its subsidiary Vectr Realty. Developed in 2017, the complex offers 23,700 sqm of office space.

schedule 15 July 2024

Vis à Vis changes hands

Precordia Capital and Septyma have become holders of 66 pct of shares in the convenience retail park Street Mall Vis à Vis Wilanów. They acquired the shares from Capital Park.

schedule 11 July 2024

LifeSpot wants to expand

LifeSpot, owned by funds managed by Ares Management and Griffin Capital Partners, has secured access to further capital from both parties. The investment will be used to support the development of rental housing and expand the platform’s presence within Poland’s private rental sector.

schedule 08 July 2024

Xior has bought LivinnX

On behalf of private investors, together with CA Ventures and Golub & Co., Savills has completed the sale of LivinnX, a PBSA building in Kraków. The buyer is Xior.

schedule 08 July 2024

Czech crowns from Accolade

Accolade has become the first issuer of green bonds in the Czech currency. Initially, the planned issue of CZK 1.5 billion was sold out within a week, which is why the company decided to double the volume.

schedule 04 July 2024

New player on the Warsaw PBSA market

BPI Real Estate Poland, in cooperation with Acteeum Group, has sold a plot of land in Warsaw to Romanian-Belgian developer Speedwell. The transaction inaugurates Speedwell's activities on the Polish real estate market. The company will develop its first private student house in Poland.

schedule 03 July 2024

Komerční banka sales iconic Wenceslas Square office building

The City of Prague has purchased the historic building at Václavské náměstí 42 for more than CZK 3.3 bln (EUR 131 mln). Prague intends to move several hundred of its officials from various locations into the office building. The seller was Komerční banka.

schedule 02 July 2024

Refield sells a package of retail properties

Two more retail parks, Pasaż Kępiński and Pasaż Grodziski, have passed into the hands of investment fund Falcon Investment Management. Earlier, the fund acquired Pasaż Golubsko-Dobrzyński in 2022. The total value of the transaction amounts to more than PLN 150 mln.

schedule 27 June 2024

Lastadia changes hands

SCPI Transitions Europe managed by Arkéa Real Estate Investment Management has acquired Lastadia Office, a fully let office building located on an island by the western bank of the Oder River in Szczecin. The vendor was Greenstone Asset Management.

schedule 24 June 2024

BGK is financing in Silesia

Panattoni has been granted EUR 16.5 mln in financing from Bank Gospodarstwa Krajowego for the development of its Panattoni Park Ruda Śląska IV project. Construction work was launched in March on 34,000 sqm of warehousing space.

schedule 18 June 2024

CTPark Warsaw West will be bigger

CTP has purchased an 85,000 sqm investment plot in the Wiskitki municipality near Warsaw. The purchase of the land will allow the company to expand the CTPark Warsaw West complex by an additional 36,000 sqm.

schedule 17 June 2024

Liberty Residence with a new owner

Resi Capital has acquired a plot of land at the junction of Grzybowska and Żelazna Streets in Warsaw. According to the preliminary concept presented, Liberty Residence is to be a high-rise project and will deliver around 500 flats.

schedule 17 June 2024

Panattoni has financing for another park

Panattoni has been granted bank financing for Panattoni Park Zgierz. The EUR 23.3 mln loan was issued by PKO Bank Polski.

schedule 14 June 2024

Immofinanz sells Warsaw office complex to Echo

Immofinanz has finalised the sale of the three Empark office buildings in Warsaw's Mokotów district to Archicom for EUR 28.5 mln. 

schedule 11 June 2024

Eastnine buys from Skanska (again)

Skanska has sold the Nowy Rynek E office building for over EUR 79 mln. The buyer is Eastnine AB, a Swedish real estate company focused on office premises at selected markets in the Baltics and Poland.

schedule 10 June 2024

mBank finances four retail parks

Mitiska REIM has secured a EUR 40 million refinancing with mBank for a portfolio of four Polish food-anchored retail parks. Representing a combined GLA of nearly 34,000 sqm, the convenience centers are located in the cities of Września, Turek, Lubliniec and Wodzisław Śląski.

Edition 7 (290) July 2024

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