Poland CTP grows in Poland

The newly acquired land is located in the eastern part of the Łódź agglomeration, in Toruń, as well as in Janki and Nowy Konik, towns adjacent to Warsaw. All of the acquired investment areas have the necessary permits to start the construction of logistics, warehousing and industrial facilities. CTParks will be built on their premises – these will mainly be urban warehouses, which are a key element in the adaptation of supply chains to current market conditions – to meet the growing pressure to shorten both distribution networks and deliveries in the 'same day delivery' model. This acquisition is part of CTP's strategy announced last year to invest EUR 300 mln in Poland to grow its warehouse portfolio.

With the purchase of a portfolio of properties in the north-central part of the country, our land bank in Poland now exceeds 3 mln sqm. The land secured will provide CTP with development opportunities over the next three years and will further increase the pace of business park development. We expect our local portfolio to get close to 1 mln sqm of total space by the end of the year. Strategically located land is a key investment for us, which enables us to establish long-term business partnerships and meet the needs of our diverse customers in the logistics, warehousing and manufacturing sectors.
Piotr Flugel, managing director at CTP Polska

There is growing activity from foreign and domestic investors, which means we are seeing strong demand for logistics and industrial space ready for lease virtually immediately. We are talking about spaces designed with energy-efficient technology and equipped with lighting systems that significantly improve the comfort of working for many hours and are not just used for storing goods. We will therefore develop the recently purchased land into business parks aimed at different types of tenants: from smaller service and retail companies to companies involved in light manufacturing or logistics operators.
Bogi Gabrovic, director of Client Relations & Corporate Affairs at CTP Polska

CTP's strategy is to carry out investments in a multi-tenant model. In practice, this means building facilities designed to serve multiple tenants in a single location. This will also be the case with the business parks that will be built on newly acquired land. This will be possible thanks to the varying range of individual tenant modules – from small areas of 500 sqm and above, through logistics centres, to additionally illuminated and insulated production spaces of 2,000 sqm and above.