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CTP plans €600m capital injection to grow warehouse portfolio in Germany, Poland
CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross leasable area, is planning to invest €600 million ($658 million) in the coming years to grow its warehouse portfolio in Germany and Poland.
CTP plans to invest €300 million ($329 million) in each country, split between new build and acquisitions, as part of its larger strategy to double the size of its pan-European network of business parks by the end of the decade. CTP ultimately aims to develop more than 300,000 square meters (3.3 million square feet) of new space each year through to 2030.
CTP entered the German market in 2022 through the €800 million ($878 million) takeover and delisting of Deutsche Industrie REIT-AG. CTP now has 28,000 square meters (301,389 square feet) of industrial and logistics space under development in Bremen, with a 208,000-square-meter (2.2 million-square-foot) land bank.
In Poland, CTP has a 274,000-square-meter (3 mill