CTP Posts Strong 2013 Results
3.06.2014Company: CTP Invest, spol. s r.o.
CTP is pleased to announce the publication of its 2013 Annual Report, which documents a year of growth and strong financial performance. Gross rental income in 2013 increased over 7% year-on-year, to € 120.4 million, up from € 112.9 million, with EPRA net profit before finance costs exceeding € 100 million, up from € 94 million in 2012. During the period including 1H 2014, CTP has successfully refinanced nearly 80% of its portfolio loan exposure.
At year-end, our portfolio of premium business properties consisted of 205 buildings with a total rentable area of 2.2 million m2. The current CTP business plan is to develop the portfolio through a mix of organic growth and acquisitions to reach 3 million m2 by 2017.
Portfolio expansion in 2013 makes CTP the fourth-largest industrial developer in Europe and the eighth-largest overall developer in Europe as announced in the March edition of PropertyEU.
Selected highlights in 2013 include BREEAM Outstanding certification of Tower I at Spielberk Office Centre: The first building to achieve this certification outside of the UK at the post completion stage. CTPark Mladá Boleslav received 1st place awards in two different competitions.
CTP would like to thank our long-term clients such ABB, Brembo, and Tech Data who expanded operations during the year, but also to new tenants such as Smiths Medical, FEI and embed/IT all of whom helped to make 2013 a successful year. In addition, CTP would like to thank our long-term financial partners with whom we deepened our cooperation in 2013 and laid the foundation for many successful years ahead.
