CTP sold 3 industrial parks in CR to Deka Immobilien

Published: 03.12.2018 Related countries:  Czech Republic Czech Republic

Group CTP has sold to German Deka Immobilien the industrial facilities CTPark Plzeň.

Group CTP has sold to German Deka Immobilien the industrial facilities CTPark Plzeň, CTPark Prague North and CTPark Teplice. The value of the transaction including a portfolio of 36 fully occupied buildings with more than 50 tenants is EUR 460 million. The sale is part of the long-term strategic partnership into which the companies have entered. CTP will continue to administer and operate the parks, whose area totals 430,000 m2 of built-up leasable area, including two developer projects. CTP financial director Richard Wilkinson stated that the agreement will enable further investments into growth in the CEE region and expansion to new European regions. CTP was represented by law office White and Case Prague during the transaction.

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