News

CTP purchases Slovak portfolio

International investor and developer, CTP, has successfully concluded the purchase of a major portfolio of commercial real estate assets in Slovakia. This purchase makes CTP one of the dominant players on the Slovak real estate market, with a clear focus to satisfy growth plans of its clients from the automotive industry and logistic sectors.

The portfolio comprises three assets:

• 62,000 m² logistics and production halls in Trnava, next to the PSA Peugeot Citroën production facility, with a land bank of 35,000 m² for further development – renamed CTPark Trnava

• 15,000 m² automotive components production facility in Nitra, nearby the future site of the Jaguar Land Rover plant, with a land bank of 40,000 m² for further development – renamed CTPark Nitra

• 8,500 m² Westend Tower office building in Bratislava

Tatra Banka, a member of Raiffeisen Bank International, partnered with CTP on deal financing.

“The successful closing of this deal underpins our long-term strategy of reaching regional dominance through both acquisitions and organic growth. We recently strengthened our in-house M&A team and I am delighted to see the fruits of that labour come to force. The purchased portfolio comprises three excellent properties in highly-attractive locations,” says Remon Vos, CTP CEO

“CTP continues to close significant acquisitions across the region in our core asset classes. I am delighted to work with long-term bank partners who appreciate our clear strategy and foresight in identifying the next profitable opportunity,” says Radek Zeman, CTP CFO

"CTP group, one of the leading companies in industrial real estate in CEE region, together with Tatra banka, long term leader in real estate finance in Slovakia, created a very professional team in this transaction. I highly appreciate the opportunity to be a part of this portfolio acquisition. Tatra banka is and will be pleased to participate on CTP group expansion in Slovakia." says Vladimír Lakatoš, Head of Real Estate Finance, Tatra banka

CTP´s portfolio of A-class industrial properties has lettable area of approximately 3 million m² and CTP´s updated commitment is to grow to 5 million m² by the end of 2018.