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AMSTERDAM, December 22, 2023–(BUSINESS WIRE)–Regulatory News:
CTP, the largest publicly listed developer, owner and manager of commercial and logistics assets through gross leasable domain (GLA), is building a new high-tech business park in Mülheim, Germany, following the acquisition of 335,000 m² from a French company. Multinational company, Vallourec.
CTP will convert the brownfield site that housed a commercial rolling mill into a new, modern, state-of-the-art business park that will supply more than 160,000 m² of retail space.
CTP aims to create thriving business ecosystems where businesses collaborate and grow together, bringing local economies to life by creating jobs and stimulating business creation. The new sustainably designed park will showcase CTP’s unique Clubhaus concept, which will provide a mix of recreational offerings for the occupants’ employees, adding amenities such as restaurants, cafes, shops, exercise spaces, events, meetings, medical services and much more, all located in fairly landscaped gardens next door. CTP believes that this will not only attract consumers to the park, but will also attract and retain the most sensible talent.
Earlier this year, CTP announced that it would invest €300 million to expand its portfolio in Germany in the coming years, with the aim of doubling the length of its European network of parks by the end of the decade.
CTP has noticed an increase in demand for high-tech corporations across its European portfolio, with corporations taking advantage of the continent’s highly professional workforce and robust business environment. Many foreign corporations are also “offshoring” high-tech production. products to Europe to be closer to where their consumers are and reduce the risks of the origin chain. New European regulations, such as the European Chips Act, are also incentivizing corporations to manufacture within the EU.
Marc Buchholz, Mayor of Mülheim an der Ruhr, said: “We are very pleased with the commission to build the new CTPark as an innovation project in the Ruhr region. This will create a commercial, research and development area that Mülheim companies urgently need. as well as for foreign actors with varied employment opportunities. Thanks to the remarkable university landscape and the exclusive commercial infrastructure of the region, the park offers the ideal situations for progress and sustainable use.
Timo Hielscher, Managing Director West and East Germany at CTP, commented: “The acquisition of this location in Mülheim reflects our vision to build and operate sustainable and future-proof business parks for a variety of fast-growing customers, rooted in local communities. and situated in a lovely setting. We invest in structural business ecosystems to help our clients succeed, drive local economic growth, and contribute to broader socio-economic prosperity. Our new CTPark in Mülheim will be a shining example of a new environment in which we have created from the ground up, showing how we can invest in benefits for communities, local infrastructure and biodiversity. We hope to continue with the structure and reveal more important points about the park in the near future.
Sustainability will be at the heart of the design of the new CTPark. Photovoltaic (PV) systems will allow a non-fossil energy source to operate, and parts of the existing structure will be kept under structure to reduce CO2 emissions. CTP designs the park to obtain the DGNB Gold rating through the German Green Building Council (Deutsche Gesellschaft für Nachhaltiges Bauen).
The site is located in the center of the Rhine-Ruhr metropolitan area, one of the largest agglomerations in Europe and close to the German business centers of Düsseldorf, Duisburg, Dortmund and Essen. Connections to the A1, A2, A3, A42 and A52 motorways are also seamless. This makes it possible to reach these cities and other parts of Europe quickly. Mülheim is also close to Belgium and the Netherlands and is well connected to the ports of Amsterdam, Antwerp and Rotterdam.
The CTP has been very active in Germany in recent months. In December 2023, it announced the sustainable construction of a 60,000 m² urban business park (GLA) in Krefeld, also in the North Rhine-Westphalia region. Last summer, CTP announced plans to build a 130,000 m² plot of land in Wuppertal, West Germany, in a new study and progression district next to a hotel.
CTP entered the German market in 2022 with the acquisition of Deutsche Industrie REIT-AG, which had a backlog of 1. 6 million m² out of 3. 9 million m², for around €800 million. CTP now has a team of 50 employees in 3 offices in Germany. 33,000 m² of commercial and logistics space in progression and a land portfolio of 155,000 m².
About CTP
CTP is Europe’s largest owner, developer and indexed manager of logistics and commercial real estate by gross leasable area, with 11. 2 million m² of GLA in 10 countries as of 30 September 2023. CTP certifies all new buildings to BREEAM Very Smart or higher and achieved an ESG score of “negligible risk” through Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP’s corporate website: www. ctp. eu
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Contacts
CONTACT DETAILS FOR ANALYST AND INVESTOR REQUESTS: Maarten Otte, Head of Investor Relations Mobile: 420 730 197 500 Email: maarten. otte@ctp. eu
CONTACT INFORMATION FOR MEDIA ENQUIRIES: Patryk Statkiewicz, Mobile Group Marketing & PR Director: 31 (0) 629 596 119 Email: patryk. statkiewicz@ctp. eu
SEC NewgateJames CarnegieMobile: +44 (0)7827 486 224Email: [email protected]