CTP looks for strategic partner to speed growth
CTP will explore selling off a portion of its portfolio in order to meet an ambitious goal of expanding its portfolio to 10 million sqm by 2023. In order to achieve this, the Czech Republic's dominant industrial developer and operator of industrial parks
could partner with a strategic investor. CTP achieved a capital base of over €2.5bn at the end of 2019 and claims it's well-placed to achieve its growth targets. The size of the portfolio under consideration for sale is confidential. CTP appointed Cushman & Wakefield as its exclusive representative in leading the transactions.