CTP hits 5 million sqm total lettable area
The industrial property developer CTP revealed that its total of lettable area has gone over the 5 million square meter mark. The company has been building a network of business parks across Central and Eastern Europe for the past two decades which currently enjoys a 95 percent occupancy rate. CTP will collect nearly €280m in rental income over the course of 2018 from 415 tenants, while over 60,000 people currently work in its parks.
“CTP is grateful to its long-term business partners, the communities, authorities, CTP´s long-term tenants and financial partners. CTP is looking forward to extending the portfolio whereby more than 60% of new projects are being developed for existing tenants. CTP see multiple opportunities in CEE region, not only in capitals but also in regional cities, to develop full service business park with a combination of logistics, distribution and high-tech industries,” says Remon L. Vos, CEO CTP.