CTP Group and Deka Immobilien Launch Long-term Strategic Partnership, Largest Industrial Transaction of 2018 in CEE

Deka Immobilien, the largest German institutional investor, and CTP, the leading industrial developer in CEE have entered into a strategic 10-year partnership. “We selected Deka as our partner, as we share the same strategy of long-term ownership and further development and enhancement of the properties through which we provide added value to our clients,” says Remon L. Vos, CEO of CTP.

 The industrial parks in this transaction represent prime CTP locations in western-Bohemia and the Prague region. The portfolio consists of 36 A-Class buildings fully occupied by more than 50 well-established tenants.

“The transaction volume of 460 mil EUR places the deal amongst the largest ever real estate transactions in the Czech Republic. This long-term cooperation established between CTP and Deka will give continuity of services to our business partners in the parks.” comments Michal Felcman, Head of M&A who led the transaction together with Květa Vojtová, M&A Attorney heading the legal transaction team. CTP group was represented by Petr Pánek and Václav Kubr of White and Case, Prague.

“This transaction will help CTP to further invest in our business growth across the CEE region, continue to improve our facilities, increase the long-term value of our assets and ultimately deploy in new European locations,” adds Richard Wilkinson, CTP Group CFO.