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.
Richard Wilkinson, CFO of CTP: “In 2020, we made significant progress: we saw further growth in terms of size of portfolio, rental income and profit. We increased our market share in the region significantly and enlarged our footprint in Central and Eastern Europe with our expansion to Bulgaria and Austria. To realize our ambitious growth targets we have strengthened our organization, expanded our staff and optimized our corporate structure. On top of that, we were recognized by the international capital markets: we successfully obtained two investment grade ratings and our bonds have performed greatly since issuance.
We are active in an attractive sector, with high tenant loyalty, and increased business satisfaction. Our pipeline looks great and we are well placed to take advantage of the favorable market circumstances, providing the solutions the markets are looking for. Our Parkmakers’ vision fits seamlessly with the growth drivers in our markets: our 10 biggest parks now constitute 58% of total GLA, well located to serve capitals and strategic logistics hubs. Looking further ahead we remain ambitious: as of March 2021 we have approx. 1,000 thousand sqm under development, of which 62% is already pre-let and we are well on our way to our 10-23 target: to have above 10 million sqm of GLA by 2023.”
