CTP doubles in size only three years after Euronext listing - Seite 2

The IPO in 2021 did not change CTP's strategy, which has been consistent since it began in 1998: to develop, own and operate state-of-the-art business parks in strategic locations, creating eco-systems, leveraging its strong client relationships and driving sustainable, long-term value creation.

CTP’s unprecedented success stems from its entrepreneurial spirit, market insight, and first-mover advantages in business-smart Central and Eastern Europe (“CEE”). The drivers that have led the growth of CEE markets over the past decade—strategic location, developed transport infrastructure, lower labour costs, and a well-educated workforce—are even more relevant today, as companies worldwide are rethinking their supply chains to make them more resilient.

CTP’s successful recent expansion into Western Europe and the strengthening of its position as market leader in CEE enables it to provide seamless, value-driven property solutions from its integrated network of CTParks across ten European markets from the North Sea to the Black Sea.

Remon Vos, CEO of CTP, said: “The third anniversary of the IPO demonstrates our rapid progress since going public. In the past three years we have not only doubled our gross lettable area, but almost tripled our landbank, and we are going to do it all again – our team of more than 750 employees with many young talents is set up to make us grow faster than ever.

“With this phenomenal track record, we are excited for what the coming years will bring. We continued to outperform the market and retained its double-digit pace of growth, reflecting CTP’s strong financial and operational performance and the resilience of our business model.

“We expect further rental growth to be driven by a supply–demand imbalance of high-quality logistics space across our markets. Demand for industrial and logistics real estate in the CEE region is also being driven by structural demand drivers, such as the professionalisation of supply chains, e-commerce, and occupiers seeking to enhance the resilience of their supply chains through nearshoring and friend-shoring, as the CEE region offers the best cost location in Europe. Already the market leader in CEE, we look forward to further strengthen our position here and in grow our presence other European markets as we reach our 2030 goals."