CTP bought a portfolio of Czech properties from the Belgium-based developer WDP for more than €25m. The portfolio contains various retail and industrial properties WDP developed in Prague and the Mladá Boleslav region. The transaction also includes land CTP plans to develop in the future. The acquisition adds approximately 50,000 sqm of leasable space to CTP’s Czech portfolio, which includes almost 2 million sqm of lettable area. The acquisition strengthens CTP’s market position as well as its presence in the Mladá Boleslav region where the developer currently has other projects underway.
