CTP (CTPNV) CMD 2025 summary

Platform for growth and business model

• Targeting €1 billion annualised rental income by 2027, leveraging a 26.1 million sqm landbank and over 1,500 clients, with expansion into new markets and product innovation.

• Integrated operator-developer model with 13.5 million sqm GLA, 2.0 million sqm under construction, and 85% client retention, driving 10-15% new space developed per year.

• Local management in existing markets and CEO-led entries in new markets ensure strategic agility and tenant-led expansion.

• Successful market entries in Germany and Poland via major acquisitions, with significant landbank and redevelopment platforms established.

• GLA more than doubled since IPO in 2021, with investment property value up 191% and annualised rental income up 151%.

Strategic growth and market expansion

• Increased mid-term ambition to 30 million sqm of GLA by 2030, up from the previous 20 million sqm target, driven by robust tenant demand and successful entries into Germany and Poland.

• Growth strategy leverages a secured landbank of over 26 million sqm and a development pipeline, focusing on organic expansion in existing CTParks and new markets.

• Plans to capitalize on structural demand drivers such as nearshoring, e-commerce growth, and rising domestic consumption, especially in Central & Eastern Europe and Germany.

• Sees new opportunities from increased European defense spending and the reinvention of the German economy.

• Maintains a strong platform with a 13.5 million sqm standing portfolio, 2.0 million sqm under construction, and relationships with over 1,500 tenants.

Growth drivers and market trends

• Diversified portfolio across industries, with strong demand from automotive, 3PL, and manufacturing sectors, and rapid growth in e-commerce and nearshoring.

• Automotive demand remains resilient, with OEMs and Asian manufacturers expanding in CEE due to tariffs and skilled labor availability.

• Nearshoring drives 20% of leasing for Asian clients, with Vietnam explored as a new market.

• Domestic consumption in CEE outpaces Western Europe, supporting long-term demand.

• German economy's focus on high-tech and defense, with increased public and private investment, supports industrial and logistics growth.