News

The Road to 2018

Preliminary financial results from 2015 look very positive, with a Gross Rental Income anticipated to be higher than our goal of EUR 150 million, and Total Asset Value expected to reach approximately EUR 2.66 billion.

We are pleased with the preliminary results of our headline figures for 2015. Much of our growth in terms of lettable area and rental income is due to the expansion of our long term clients. Thanks to their growth, we were able to expand into the markets of Romania, Slovakia and Hungary smoothly with them.

This expansion of our portfolio was supported throughout the region by our long term financial partners, with whom we were able to secure acquisitions, finance new construction and refinance parts of our portfolio, which together has allowed us to keep our LTV at an estimated 54% for the year.

We continue to strengthen our financial team, and have brought in deep talent both in the Czech Republic and locally in other countries. We look forward to continuing our healthy relationships with our financial partners who share our vision and goals in the region. The final, year-end results will be available in our annual report later in spring, and we are looking forward to sharing our audited results then.

Radek Zeman CFO

187-strong

To stay ahead of the company’s rapid growth, CTP has expanded its team to 187 people as of the end of January. Many new hires are for strategic positions in the company’s new central European territories of Romania, Slovakia and Hungary. CTP has also expanded its Finance, Accounting and Property Management teams

40% growth year-on-year (estimated)

Owing to our rapid growth in 2015, we have brought forward our goal to reach 5,000,000 m2 to 2018 (from 2020), which we will reach thanks to smart acquisitions and organic growth.

7.16 yrs. (estimated)

Average age of buildings in portfolio

TOP Q4 DEALS

Acquisitions

CTP finalised the acquisition of the “Daylight” portfolio in Slovakia, consisting of three assets: the 62,000 m² logistics and production halls in Trnava, the 15,000 m² automotive components production hall in Nitra, and the 8,500 m² Westend Tower building in Bratislava. Acquisition price was more than EUR 50 million. In December, CTP concluded the purchase of the Bucharest West Industrial Park on the outskirts of Bucharest from Portland Trust, for approximately EUR 80 million. The park has a total lettable area of 130,000 m².

Lease

CTP client from CTPark Modřice, Quehenberger Logistics, has extended their cooperation with CTP, signing a lease for 20,000 m² in CTPark Bucharest West, one of CTP’s newest acquisitions in Romania.

CTP concluded the lease of a 19,000 m² newly-built facility for automotive component manufacturer, IAC, in CTPark Přeštice. IAC will also move into new premises at CTPark Zákupy commencing the end of Q1 2016, comprising warehouse and office space. A lease agreement was signed with existing CTP-client, Lear, for a 4,200 m² extension in CTPark Plzeň. Elsewhere in central Europe, Lear has signed for a 10,000 m² facility in CTPark Voderady, to the northeast of Bratislava.

The full length spring edition of CTNews is now available for download.