Czech logistics giant CTP prepares for €70m in land acquisitions

The industrial park developer CTP is gearing up for a €70m land acquisition program, though the Czech-based company will is targeting foreign acquisition. E15 writes that the company revealed in its annual report that it will be buying in Romania, Poland and in Serbia. At the moment, two-thirds of its portfolio is located in the Czech Republic. "In the coming yhears, we expect logistics, high-tech production and e-commerce to play the main role in our main markets of Central and Eastern Europe," said CTP director Remon Vos. CTP's industrial portfolio grew by 13 percent to more than 5 million square meters in 2018, despite the sale of three logistics parks. CTP recently consolidated 40 loans into a single vehicle worth €1.9bn, including funds for expansion.