CTP has added 69,000m² of buildings and development land to its CTPark Brno Lisen in the Czech Republic through a sale-and-leaseback transaction with Zetor Tractors, the Czech agricultural machinery producer. The acquisition marks a major step in the overall €125m transformation of the former Zetor brownfield industrial site into a modern new park for light manufacturing, retail, research, and inner-city logistics which CTP embarked on in 2019. The transaction sees CTP consolidating its ownership in the Lisen district, increasing the total land size to 29 hectares. Upon completion, CTPark Brno Lísen will provide some 150,000m² of lettable area with over 2,500 jobs.
David Chladek, Country Head, CTP Czech Republic said: “We have worked with Zetor for the past three years and this transaction represents an important milestone in the project for CTP, having agreed several deals leading to the creation of the largest brownfield industrial / logistics redevelopment by GLA in Brno. We have already developed 30,000m² of facilities at this location and continue to see strong demand for new space in our pipeline. The park is positioned in a prime location as a ‘last mile’ logistics and urban infill hub within the city ring road, just five kilometres to the east of the city centre and within easy reach of the airport. This makes it the perfect spot for businesses of all sizes, particularly e-commerce and urban logistics operators.”
Zetor Tractors will continue to occupy the buildings that CTP has acquired in the latest transaction for its production activities.
CTP aims to complete the c. 80,000m² of space currently under construction at CTPark Brno Lisen by 2024/2025, transforming a previously derelict area of Brno into a thriving urban business park. All the properties are built to BREEAM Excellent standards and solar energy is being used as a secondary source of electricity.
Jakob Kodr, Head of Business Development, CTP Czech Republic, said: “CTPark Brno Lisen offers occupiers newly-built, flexible space in an inner-city business park location. Our strategy of developing parks that are adaptable to the changing nature of global and local businesses in and around urban centres is exemplified here. The transaction shows our long-term commitment to both the businesses which operate here and the surrounding community which works and pay taxes. The park is designed to be energy neutral and will include photovoltaic panels and water conservation.”
