Expansion of CTPark Opole commences as UFI Filters Poland doubles lease space

Warsaw, 1^st February 2024 – CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has started construction work on the fifth building within the CTPark Opole industrial and logistics park. The expansion of the complex will accommodate the expansion of the UFI Filters Poland brand, which has so far occupied an area of 6,000 sqm. The Italian manufacturer of filter systems for the automotive industry is doubling its lease space at CTPark Opole and is anticipated to move into the new building in the third quarter of 2024.

The Opole investment is CTP’s first project in Poland as well as UFI Filters’ first heat exchanger factory outside China. UFI started its operations at CTPark Opole in 2018 and filters supplied by UFI Filters are used in all makes of cars and trucks as well as Formula 1 vehicles.

By increasing UFI Filters’ investment in Poland, the company aims to become one of the leaders in the mobility of the future. Currently, the CTPark Opole facility enables the company to serve major car suppliers in Europe and optimise delivery times.

The CTPark Opole complex also brings together other automotive tenants, including IAC (International Automotive Components) and TitanX Engine Cooling. Demand for CTPark Opole from companies in the automotive, transport and logistics sectors is due in part to the investment’s location. It is located in the area of the Walbrzych Special Economic Zone and the Lower Silesian Automotive Cluster, which fosters the dynamics of business development and provides access to the latest technologies and an educational base. One of the instruments of support is also the possibility of obtaining an income tax allowance of up to 60 per cent of the investment costs or two years of employment costs for new employees.

The OPO 2B building will be delivered in the third quarter of 2024. The building will undergo BREEAM certification. Like all newly constructed CTP developments, the developer will adapt it for the installation of photovoltaic panels and equip it with a smart utility monitoring system.

So far, four buildings have been constructed as part of CTPark Opole with a total area of 82,000 sqm. Ultimately, the complex will comprise 100,000 sqm of leasable space.

ABOUT CTP
CTP is the largest listed owner, developer and manager of logistics and industrial real estate in terms of gross leasable area, with 11.2 million sqm. GLA in 10 countries (as of 30 September 2023). The company certifies all new buildings under BREEAM at ‘very good’ or above and has achieved a negligible-risk ESG rating from Sustainalytics, reaffirming its commitment to sustainability. For more information, visit: www.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/James Carnegie
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Email: CTP@SECNewgate.co.uk