Germany CTP secures major brownfield site
Land acquisitionsschedule 17 December 2024
Initial enabling work is set to begin on-site in 2025
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CTP has agreed to a EUR 155 mln deal to acquire an industrial site spanning over 830,000 sqm in Düsseldorf, North Rhine-Westphalia. The seller is Vallourec, a manufacturer of pipe systems.
The acquisition is the largest single land plot CTP has ever acquired and will see CTP invest over €700 million to transform the inner-city site into a multi-user business park catering to a wide range of industries, including manufacturing, research and development, and logistics. The project aligns with CTP’s strategy to develop as sustainably and resource-efficiently as possible by prioritizing brownfield areas for redevelopment. CTPark Düsseldorf will be developed to attract
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