CTP expands presence in Serbia with land acquisition in Kragujevac

CTP has solidified its position in Serbia with the acquisition of a substantial parcel of land in Kragujevac, paving the way for the development of 50,000 sqm of new lettable industrial space.

This acquisition aligns with CTP’s strategic plan to expand its footprint in emerging industrial hubs and attract investors to Serbia’s growing market. The site, located within the region’s Free Trade Zone, an established automotive industrial area, will complement CTP’s existing facilities in Kragujevac, reinforcing the company’s growth trajectory in Serbia.

CTP is already a significant player in the Serbian market, known for delivering Grade A industrial facilities, including 90,000 sqm of production space for Yanfeng, a Chinese automotive supplier. The company’s Serbian portfolio currently spans 600,000 sqm, with an additional 200,000 sqm planned for completion in 2025.

Kragujevac, Serbia’s fourth-largest city, boasts a strong heritage in automotive and defense industries. Its strategic advantages include a skilled and affordable labor force, a central location in the Balkans, and proximity to major OEMs and suppliers, making it an attractive destination for industrial investment.

Petar Kolognat, Business Development Director at CTP Serbia, highlighted the city’s appeal: “CTP’s commitment to Kragujevac underscores the city’s growing reputation as a prime destination for industrial and logistics investments. This expansion will strengthen the local economy, create new job opportunities, and enhance connectivity to key markets. It will also provide businesses with modern facilities and strategic advantages in Southeast Europe.”

The new development is set to further position Kragujevac as a key industrial hub, reinforcing CTP’s role as a leader in Serbia’s dynamic real estate market.