CTP Group offloaded several of its non-core retail assets from its Central European portfolio to DMO Invest in a transaction worth approximately €40m. The deal involved CTP subsidiary CT Retail, a holding company for a portfolio of 19 retail properties, including supermarkets in the Czech Republic, which CTP either built or acquired in the past. CTP wants to invest the proceeds from the sale to expand its core business in Central Europe’s industrial warehouse sector. The developer is aiming to increase its CTPark network to 5 million sqm of leasable space by 2018.
