CTP, the largest developer of industrial facilities in Central and Eastern Europe, is entering into a strategic partnership with Poland-based MDC² to build a network of full-service business parks across Poland. Construction of the first three facilities will begin in the first quarter of 2021. In the first year of the project, CTP will invest 200 million euros.
CTP, one of the top five European industrial developers with a portfolio of 6.3 million sqm of space, is introducing its CTPark network to Poland in response to the huge demand for logistics facilities in the region.
– Poland is the largest economy in Central and Eastern Europe, which has a strategic location and is close to Germany, making it extremely attractive from a logistics perspective – explains Remon Vos, CEO of CTP. – We will start construction work in Warsaw and Katowice, while simultaneously looking for further locations in Poland where state-of-the-art, sustainable parks could be built for our 700 clients. We are receiving signals that the demand for logistics and industrial facilities in the Warsaw region and other large Polish cities is enormous.
CTP will implement the project in Poland in cooperation with MDC², a logistics developer with offices in Warsaw and Katowice. Hadley Dean, founder of MDC², admits: – Poland is the second fastest-growing logistics market in Europe, so we are pleased to be able to play a significant role in the implementation of CTP’s expansion activities.
MDC² is a team of experienced real estate experts who have delivered over three million sqm of logistics parks over the last 15 years.
CTP is active in seven markets in Central and Eastern Europe, i.e., the Czech Republic, Slovakia, Romania, Serbia, Hungary, Bulgaria, and Poland. The company has 6.3 million sqm in its portfolio, with another 700,000 sqm under construction, and is therefore likely to exceed 10 million sqm of total leasable area by 2023. CTP is the first industrial developer in the region to have its entire portfolio of properties BREEAM certified.
Source: CTP Group