European logistics specialist CTP has appointed Alexander Hund as managing director of CTP Germany.
Hund will head up CTP's substantial and growing operations in the country, as CTP rolls out its plans to double the size of its European portfolio to 20 million m2 by 2030, which will see it invest €1 bn in Germany over the coming years.
Hund joined CTP as regional development director for South Germany. He has been at the forefront of successfully integrating the Deutsche Industrie REIT-AG portfolio into the CTP Group that comprises 1.6 million m2 of GLA on 3.9 million m2 of land, after CTP's acquisition of the REIT in 2022 for around €800 mln.
The acquisition marked CTP's entry into the German market, and Hund has played a key role in building CTP's German team which now comprises over 70 employees in three offices across Germany, and 33,000 m2 of industrial and logistics space that is currently under development alongside a 155,000 m2 land bank.
CTP has been highly active in Germany over the last 12-months and will continue to be going forward. It recently announced it will develop a major new high tech business park in Mülheim in west Germany that will provide over 160,000 m2 of R&D, laboratory, co-working and industrial and logistics space.
CTP is also transforming a brownfield site in Wuppertal into a 130,000 sqm new area for research and development alongside a hotel.
The development of the Mülheim and Wuppertal projects are a response to the 'nearshoring' trend that is seeing a growing demand from high-tech Asian companies looking to expand their production space in Europe driven by a changing geopolitical environment and post pandemic supply chain disruptions.
Earlier this month, CTP announced it had signed a deal with leading Taiwanese firm Quanta Computer Inc. which manufactures computers and electronic hardware, to build a new pioneering 22,500 m2 production facility at CTPark Jülich in northwest Germany.
The projects will also meet demand from German based businesses from multiple sectors operating across the country's dynamic economy and help support local economic growth by the providing the kind of community-led space modern occupiers want to expand into.
Hund will play a leading role in overseeing the delivery of Mülheim and Wuppertal and other major CTP projects, same as the sustainable growth of the of the originally acquired Deutsche Industrie REIT-AG portfolio.
He will also spearhead the acquisition of new land to secure CTP's landbank in Germany for the coming years ensuring it can continue with its planned expansion in the country.
Remon Vos, CEO CTP said: 'Alex's dedication and experience in the German market makes him the ideal person to head-up our German business.
'What he has already achieved since joining CTP only last year is nothing short of remarkable and we know he will play an invaluable role as we continue to meet growing demand from clients and consolidate our position in Germany.'
Said Hund: 'It is an exciting time for the German industrial and logistics sector as we see huge appetite from technology focused Asian companies moving here to de-risk their supply chains and to take advantage of the talent pool in Germany.
'I am looking forward to further building and implementing CTP's strategy that will see us become the key player in Germany for new high-tech ESG led logistics and industrial space.
'Our tried and tested sustainable community-led Park concept which has made us the leading owner-operator of logistics space in the CEE region, coupled with our significant German land bank, strong balance sheet, and focus on new acquisitions, makes us ideally placed for success in the way no other developer or landlord in Germany is.'
Hund will lead CTP Germany's management team together with CFO for the country Alen Stosic, and Timo Hielscher, managing director for Germany responsible for M&A, transactions and client relationships.
