European logistics developer and operator CTP intends to invest €600m in Germany and Poland by the end of the decade.
The Euronext-listed firm CTP said it will invest €300m in each country as part of the firm’s plan to double its pan-European network of business parks by 2030.
The company has a current portfolio of 10.9m sqm and a development landbank of 20.7m sqm across its markets.
CTP marked its entry into the German logistics real estate market with the acquisition of Deutsche Industrie REIT for €800m. The company expects to continue expanding in Germany by investing the €300m to build and acquire assets.
In Poland, the plan involves increasing CTP’s development pipeline as well as acquisitions.
Remon Vos, CEO of CTP, said: “CTP sees huge potential for further growth in the industrial and logistics markets in Germany and Poland, as a combination of strong economic fundamentals, emerging global megatrends, such as the rise in nearshoring, growth in e-commerce, as well as key real estate market dynamics are continuing to drive demand for best-in-class sustainable warehouses in central and eastern Europe, as well as Germany.
“Having established a strong platform in both countries we now intend to grow our presence in these markets with a total of €600m investment focused on increasing our portfolio of highly sustainable, client-focused industrial and logistics space that modern occupiers demand.”
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