CTP Germany launches with plans for €1 billion in targeted developments and redevelopment in mainly urban logistics ”last mile” assets.
Also, former Deutsche Industrie REIT portfolio is integrated into CTP’s pan-European platform.
Germany now represents about 15% of CTP’s portfolio and becomes its third largest market by gross asset value after Czechia (42%) and Romania (21%).
The company plans to invest an additional €1.0 billion in development projects over the next five years.
The development strategy is to double CTP Germany’s current GLA to 3.2 million sqm by 2026.
Udo Stöckl, formerly principle and managing partner at advisor Avison Young, has been appointed Chief Operating Officer at CTP Germany.