CTP, one of the five leading European companies in the field of logistics real estate, has been promising to strengthen its position since entering the stock exchange and expects to expand its opportunities for new investments. It is also considering an investment of approximately 100 million euros in Slovakia, where it owns six modern industrial parks. The company recently announced that it is responding to market developments and is starting speculative construction in Trnava.
"In Slovakia, we intend to invest in the purchase of additional land and start our activities, especially in Žilina, but also in other strategic cities for us," says Stanislav Pagáč, CTP's regional director for Slovakia. CTP generally wants to reach 1 million m2 of GLA by 2025, ie the gross leasable area.
In addition to acquisitions, the company wants to continue on the path to carbon neutrality by improving the standards of its real estate. It has only recently announced that all of its properties that could have been certified and completed on 1 January 2020 will receive BREEAM certification "very good" or higher.
No other developer in Central and Eastern Europe has demonstrated the quality of so many buildings inspected for design, construction, use, and sustainability. As part of the implementation of environmental solutions, CTP plans to launch a project focused on photovoltaics this year.
CTP assumes that investor interest in shares will be high. It deducts on the basis of developments in the green bond market. CTP received 500 million euros in the third issue of green bonds. The company is coming to the stock exchange with a primary offer of shares worth 900 million euros and is ready to increase it by 15% of the primary offer. After entering the stock exchange, CTP is also considering paying out 80% of its net profit on dividends. It also recently received investment ratings on its debt from S&P and Moody’s.
Source:// Systémy logistiky