In a deal financed by Tatra Banka, a member of Raiffeisen Bank International, CTP has acquired two Slovak industrial parks and an office project developed by J&T Real Estate.
The re-named CTPark Trnava offers 62,000 sqm of logistics and production halls next to the PSA Peugeot Citroën production facility. It includes a land bank of 35,000 sqm for further development. CTPark Nitra, meanwhile, offers a 15,000 sqm automotive components production facility near the future site of the Jaguar Land Rover plant and includes a land bank of 40,000 sqm for further development. The portfolio also includes J&T’s 8,500 sqm Westend Tower office building in Bratislava.
“The successful closing of this deal underpins our long-term strategy of reaching regional dominance through both acquisitions and organic growth,” said Remon Vos, the CEO of CTP. Vladimír Lakatoš, the head of real estate finance at Tatra banka, added that the bank is looking forward to participating with CTP Group again as it expands its Slovak portfolio.
