CTP has acquired an industrial park in Zilina, consisting of existing buildings and land for further development in a strategic location by Zilina airport. The new park will provide a leasable space of 145,000m² after completion. CTP plans to invest €200m over the next two years to more than double its current Slovak portfolio of 460,000m² in 12 locations.
“CEE has been experiencing a strong acceleration in the demand for logistics and industrial space - in 2020 the occupancy in our parks reached 98% while our rental income has grown by 24%. There is a sizeable undersupply of the logistics stock in Central and Eastern Europe with less than 50% of stock per capita than in Western Europe, which is spurred by new consumer habits such as online shopping but also new emerging manufacturing trends such as near-shoring. Our strategy is to expand our CTPark network to strategic locations throughout Slovakia to take advantage of the unique position of the country, which is a natural gateway between East and West, connecting Austria, Poland, Czech Republic and Hungary,” commented Stanislav Pagac, Head of CTP Slovakia.
“After the acquisition of CTPark Kosice in 2019, we‘ve completed our second transaction with Immo-rent Slovakia with the acquisition in Zilina. This deal strengthens our position in Slovakia and provides more development potential in the very attractive Zilina region. Our intention is to start developing a new 24,000m² building in the location in just a few months to meet growing tenant demand,“ commented Ivan Simo, CTP’s Slovak Construction Director.