News Article Deka Immobilien buys three Czech industrial parks from CTP
by Property Forum | Investment

CTP has sealed a long-term strategic partnership with Deka Immobilien involving three prime industrial parks in the Czech Republic - CTPark Plzeň, CTPark Prague North and CTPark Teplice. Deka Immobilien acquired the ownership stakes in the parks with CTP Group continuing to manage and operate the portfolio under the CTPark network brand. Including two development projects, the deal represents 430,000 sqm of premium industrial properties. The transaction volume of €460 million places the deal amongst the largest ever real estate transactions in the Czech Republic.

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.
Remon Vos

Remon Vos

CEO
CTP

Born in the Netherlands in 1970, Remon Vos founded CTP in 1998 with the goal to develop A-class industrial properties in the Czech Republic. Remon developed and grew the CTPark Network to become the largest integrated system of full-service business parks in CEE. At nearly 5 million m2 of lettable area, and sufficient land to grow to 8 million m2, the CTPark Network offers 5 unique property types that can accommodate a wide variety businesses: from 450 m2 incubators, to 50,000 m2 built-to-suit manufacturing facilities, to 100,000 m2 distribution centres. CTP is a long-term investor and partner to its clients, with an innovative and entrepreneurial approach. This focus has resulted in 70% of all new business coming from existing clients. CTP has also developed unique, high-quality office and housing projects, such as the award-winning Spielberk, and the unique student housing concept Domeq in Brno. Remon continues to lead the company at full-speed, with big plans for the future. More »
The industrial parks in this transaction represent prime CTP locations in Western Bohemia and the Prague region. The portfolio consists of 36 Class A buildings fully occupied by more than 50 well-established tenants.
 
“The transaction volume of €460 million 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.
Richard Wilkinson

Richard Wilkinson

Group CFO
CTP

Richard started his role as Group CFO for CTP in July 2018, which includes looking after the refinancing of CTP's portfolio of over 4,5 million sqm of premium industrial property. Prior to joining CTP, Richard ran the CRE business of Erste Group across CEE for 14 years, turning it into one of the leading CRE banking franchises. He has a Law degree from the London School of Economics. More »