CTP B.V. integrated European owner and developer of logistics real estate, today announces an offer of its shares with a successful valuation of EUR 14 per share. Listing and trading of the Shares on the Euronext Amsterdam exchange on an “as-if-and-when-issued” basis will commence today, Thursday 25 March 2021 at 9:00 CET.
Remon Vos, CEO of CTP said: “CTP’s debut on Euronext Amsterdam is the next step in an amazing journey. I am proud to be able to celebrate this day with my team. We have been passionate about industrial and logistics real estate for over two decades. From low cost to advanced technologies, we drive e-commerce development by enabling cross-dock and last mile transhipment We started as a start-up and today we are among the top five A-class real estate players with over 400 employees. We are true to our “Parkmakers” vision; we have BREEAM certification and we are neutral in terms of carbon dioxide emissions.
We did this thanks to our amazing network, the cities we have invested in and over 700 clients who have helped us learn the business and grow this fantastic company. But most of all, thanks to teamwork and all the talented, hardworking and ambitious people at CTP.
It’s time for impressive growth. We are here to accelerate, expand our presence in Europe and are on track to reach 10 million sq m. gross leasable area by 2023. The region of Central and Eastern Europe, with its attractive cost base, good infrastructure and strategic location, offers great potential for development. Thanks to our entrepreneurial, innovative and creative mind-set, we can expand to other regions as well, supported by our strong customer base, additional capital and a great desire to continue our journey. ”
Richard Wilkinson, CFO at CTP said: “Today is a milestone for the company. After our entry into debt capital markets last year with a series of green bonds, today we completed the largest IPO in the European real estate industry since 2014. This is a real recognition of the high quality of the sustainable. the locations we own and operate, as well as for the solid prospects of our business.
The positive feedback we received from investors confirms our belief that CTP’s “Parkmakers” vision fits in perfectly with future trends in the global logistics and industrial real estate sector. Being a public company gives us the financial flexibility that allows us to continue our successful strategy in the future. We look forward to welcoming our new shareholders to join us on our journey. ”
The most important information about the Offer
• The Offering Share Price was set at EUR 14 per Share
• Following the Offering, the total issued and traded share capital consists of 397,017,000 Shares, representing a market capitalization of € 5.6 billion
• The total number of the Shares sold under the Offering is 61,017,000 (New Shares), which represents 15.4% of the Shares (after the issue of the New Shares); in the event of full exercise of the Additional Allotment Option, the number of the Shares offered will increase to 70,169,550, which constitutes 17.7% of the Shares (after the issue of the New Shares)
• Value of the Offering is EUR 854.2 million assuming non-exercise of the Over-Allotment Option and EUR 982.4 million assuming the exercise of the Over-Allotment Option in full
• The offer has been repeatedly oversubscribed at the Offer Price with strong demand from institutional investors from around the world, largely including high-quality long-only funds, which have attracted very good business prospects. The Offer is exclusively made up of private placements to certain institutional investors in various jurisdictions, including the Netherlands
• Listing and trading of the Shares on an “as-if-and-when-issued” basis on the Euronext Amsterdam under the symbol “CTPNV” will start today at 9:00 CET (“Quotation”)
• The Offering is expected to settle on March 29, 2021 (the “Settlement Date”)
