CTP APPOINTS NEW MANAGING DIRECTOR FOR GERMANY

Amsterdam, 22 April 2024 – CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has appointed Alexander Hund as Managing Director of CTP Germany. Alexander will head up CTP’s substantial and rapidly growing operations in the country, as CTP rolls out its plans to double the size of its European portfolio to 20 million sqm by 2030, which will see it invest €1bn in Germany over the coming years.

Alexander joined CTP as Regional Development Director for South Germany. He has been at the forefront of successfully integrating the Deutsche Industrie REIT-AG portfolio into the CTP Group that comprises 1.6 million sqm of GLA on 3.9 million sqm of land, after CTP’s acquisition of the REIT in 2022 for around €800m. The acquisition marked CTP’s entry into the German market, and Alexander has played a key role in building CTP’s German team which now comprises over 70 employees in three offices across Germany, and 33,000 sqm of industrial and logistics space that is currently under development alongside a 155,000 sqm land bank.

CTP has been highly active in Germany over the last 12-months and will continue to be going forward. It recently announced it will develop a major new high tech business park in Mülheim in west Germany that will provide over 160,000 sqm of R&D, laboratory, co-working and industrial and logistics space. CTP is also transforming a brownfield site in Wuppertal into a 130,000 sqm new area for research and development alongside a hotel.

The development of the Mülheim and Wuppertal projects are a response to the ‘nearshoring’ trend that is seeing a growing demand from high-tech Asian companies looking to expand their production space in Europe driven by a changing geopolitical environment and post pandemic supply chain disruptions. Earlier this month, CTP announced it had signed a deal with leading Taiwanese firm Quanta Computer Inc. which manufactures computers and electronic hardware, to build a new pioneering 22,500 sqm production facility at CTPark Jülich in northwest Germany. The projects will also meet demand from German based businesses from multiple sectors operating across the country’s dynamic economy and help support local economic growth by the providing the kind of community-led space modern occupiers want to expand into.

Alexander will play a leading role in overseeing the delivery of Mülheim and Wuppertal and other major CTP projects, same as the sustainable growth of the of the originally acquired Deutsche Industrie REIT-AG portfolio. He will also spearhead the acquisition of new land to secure CTP’s landbank in Germany for the coming years ensuring it can continue with its planned expansion in the country.

Alexander will lead CTP Germany’s management team together with CFO for the country Alen Stosic, and Timo Hielscher, Managing Director for Germany responsible for M&A, transactions and client relationships.

ENDS

ABOUT CTP
CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 11.8 million sqm of GLA across 10 countries as at 31 December 2023. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP’s corporate website: www.ctp.eu

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