CTP B.V., a leading vertically integrated European logistics property owner-developer, announces its intention to launch an initial offering and to apply for admission to listing and trading of its shares on Euronext Amsterdam, a regulated market of Euronext Amsterdam N.V.
Remon Vos, founder and CEO of CTP: “When I founded CTP, I was excited about the entrepreneurial spirit and ambitious atmosphere in the CEE region. We started our first project just outside of Prague and are now, twenty-two years later, the largest logistics owner and developer in the CEE region. The region benefits greatly from favorable macro trends driving structural growth. The outlook for logistics property globally is highly attractive, with multiple positive drivers accelerated by COVID-19. The surge in e-commerce penetration is driving a long-term step-change in the demand for logistics services and space. We outgrew the market share in the region significantly and opened in new markets.
Throughout the years, our mission has remained to build, own and operate the most sustainable, high quality network of logistics parks in Europe. Through our vertically integrated business model, not only have we been able to generate superior above 10% yield on development costs, but also we remain a long-term dedicated owner of our properties. Our assets are 100% BREEAM certified, solar-ready and we will be carbon-neutral in our operations by the end of this year. We have the ambition to positively impact the communities in which we operate, with numerous initiatives such as the launch of a zero waste initiative and our reforesting. During the past year, we increased the speed of innovation and worked hard to keep the company moving forward quickly. With a significantly strengthened organization, we are well positioned for further growth.
After 22-years of private ownership, we are now ready for the next phase in our development. We believe our combination of scale, experience and strong growth perspectives make CTP a compelling investment opportunity. We have a strong platform set for continued growth in Europe, and we are set to deliver continued sustainable growth, operating in the most attractive real estate sub segment. By listing on Euronext Amsterdam, we can build on the strong momentum we generated to date as we continue to expand, offering us access to a wider range of capital-raising options.”
