TPG Real Estate Partners and Contera have formed a strategic venture, which will seek to acquire and develop industrial projects in Central Europe, primarily in the Czech Republic and Slovakia. One of the venture’s first projects is a 140,000m² industrial zone directly adjacent to the D1 highway in Ostrava-Hrusov.
“Forming the Venture, we are partnering with a highly experienced and proven local team to pursue opportunities in a region and sector that continue to experience strong growth trends,” said Michiel Celis of TREP. “We look forward to making this a successful, long-term partnership and hope to invest significantly more capital as we source new projects and execute on an exciting pipeline of opportunities.”
“After 10 years of growing Contera independently, thanks to this partnership with a strong global investor, we can start a new era in the development of our company,” said Tomas Jirku, Co-Founder and CEO of Contera.
Dusan Kastl, Co-Founder and Managing Director of Contera, added: “Our partnership with TREP will allow us to expand significantly and reach strategic scale in the Czech and Slovak markets.”