CTP to build network of logistic parks in Poland, plans to invest 200 million Euro in 2021
CTP, CEE’s largest industrial property developer, enters a strategic partnership with Poland-based MDC to develop full-service business parks throughout Poland. Construction in the first three locations will start in Q1 2021 and CTP will invest 200 million Euro during the first year of the project.
“Poland is not only the largest economy in CEE; its strategic location and proximity to Germany also make it a logistics hotspot,” explains Remon Vos, CEO of CTP. “As we start construction in Warsaw and Katovice, we keep exploring other locations in Poland to build hi-tech, sustainable parks for our 700 clients. The demand we are seeing for logistics and industrial property in the Warsaw area and other large Polish cities is immense.”
CTP is active across seven markets in Central and Eastern Europe with operations in the Czech Republic, Slovakia, Romania, Serbia, Hungary, Bulgaria and Poland. With the portfolio of 6,3 million m2 and 700 thousand m2 under construction, CTP is on track to pass 10 million m2 of total lettable area by 2023.