Europe CTP to double in size by 2030

Investment & finance

13 April 2023

Opr./edited by JC

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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.

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