TPG Real Estate Partners (“TREP”), the dedicated real estate equity investment platform of global alternative asset firm TPG, and Contera, an established developer and operator of industrial parks in the Czech Republic, announced today they have formed a strategic venture (the “Venture”). The Venture will seek to acquire and develop industrial projects in Central Europe, primarily in the Czech Republic and Slovakia. One of the Venture’s first projects is a 140,000 sqm industrial zone directly adjacent to the D1 highway in Ostrava-Hrušov. Contera will continue to own and manage the remainder of its industrial portfolio which comes to around 110,000 sqm.
