CTP to deliver sustainable transformation of 60,000 sqm business park in Krefeld, Germany

Amsterdam, 1 December 2023 – CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces plans to develop a modern 60,771 sqm business park through a partial refurbishment of an existing business park in Krefeld West, Germany.

At this location CTP will develop the modern urban business park CTPark Krefeld, comprising 31,796 sqm of new industrial and logistics space on which construction will start in 2024. This will be followed by a 29,002 sqm redevelopment of the existing 15,708 sqm logistics warehouse and 2,149 sqm of office space, which is currently let. The formal building request is scheduled to be submitted in the first quarter of 2024, coinciding with the start of demolition works.

Meeting CTP’s ambitions for green building certifications and energy efficiency standards, the new park will be constructed to meet the BREEAM Very Good standard or better, incorporating industry-leading technological and environmental specifications to mitigate any negative impacts on the environment. The building will be equipped with rooftop PV’s for a fossil-free energy supply and reduced CO₂ emissions during operation. The development site is largely made up of brownfield areas and will involve refurbishment of the existing buildings which will be partially preserved, helping to reduce the impact of the new park on the environment.

Revitalising an underused site, the new park represents an important investment in the region and will help to build strong local communities. This is a key part of CTP’s development strategy, involving close cooperation with local municipalities to provide opportunities to grow in partnership with clients. Plans for the new Krefeld business park have already garnered the support of the local municipality, Krefeld city council. In addition to the industry-leading technological and environmental specifications planned for the new park, the site will also benefit from good transport connections, being in close proximity to the highly frequented St. Töniser Straße, providing access to the A44 and A40 motorways and Krefeld city centre.

In Spring 2023, CTP announced a €300 million investment in the coming years to grow its warehouse portfolio in Germany, with the company aiming to double the size of its pan-European network of business parks by the end of the decade.

CTP entered the German market in 2022 through the circa €800 million takeover and delisting of Deutsche Industrie REIT-AG, which had a 1.6 million sqm GLA portfolio on 3.9 million sqm of land. CTP now has a team of 50 across three offices in Germany, 33,000 sqm of industrial and logistics space under development, amongst others in Bremen, and a 155,000 sqm landbank.

About CTP

CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 11.2 million sqm of GLA across 10 countries as at 30 September 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: ctp.eu

CONTACT DETAILS:
CONTACT DETAILS FOR ANALYST AND INVESTOR ENQUIRIES:
Maarten Otte, Head of Investor Relations
Mobile: +420 730 197 500
Email: maarten.otte@ctp.eu

CONTACT DETAILS FOR MEDIA ENQUIRIES:
Patryk Statkiewicz, Group Head of Marketing & PR
Mobile: +31 (0) 629 596 119
Email: patryk.statkiewicz@ctp.eu

SEC Newgate
Sara Champness
Mobile: +44 (0)7962 387 949
Email: CTP@SECNewgate.co.uk