CTP N.V., owner, developer and manager of logistics and industrial real estate, has entered the Italian market.
This strategic expansion comes through the €241 million ($280 million) acquisition of VLD S.r.l. (VLD), a development company holding a significant landbank in prime locations, previously controlled by FBH Group. The move supports CTP’s ambitious goal of reaching 30 million square meters (323 million square feet) of GLA by 2030, enhancing its scale, portfolio quality and development pipeline to allow it to better meet the needs of more than 1,500 CTP tenants. This deal represents the start of CTP’s investment in Italy, where it plans to invest €1 billion ($1.2 billion) during the next five years. There are multiple projects under construction, with 200,000 square meters (2.15 million square feet) scheduled for completion in 2026 for, among other, ALS Luxury and CEVA, the logistics provider of Daikin.
The acquisition provides CTP with a pipeline of dev
