CTP has acquired an industrial park in Zilina, Slovakia, consisting of existing buildings and land for further development in a strategic location by Zilina airport. The new park will provide a leasable space of 145,000 square meters (1.56 million square feet) after completion.
CTP plans to invest €200 million ($234 million) during the next two years to more than double its current Slovak portfolio of 460,000 square meters (4.95 million square feet) in 12 locations.
“CEE has been experiencing a strong acceleration in the demand for logistics and industrial space — in 2020 the occupancy in our parks reached 98 percent while our rental income has grown by 24 percent,” commented Stanislav Pagac, head of CTP Slovakia. “There is a sizable undersupply of the logistics stock in Central and Eastern Europe, with less than 50 percent of stock per capita than in Western Europe, which is spurred by new consumer habits such as online shopping but also new emerging manufa
