CTP has agreed to sponsor for the third year running the half-Iron man competitions held at Doksy and Palava in the Czech Republic. This year, PalavaRace will be the venue for a new 'Real Estate' cup and the organizers are encouraging the Czech Real estate industry to field teams and compete against each other.
Palava Race will be held on Saturday July 8th, 2017
Doksyrace Will be held on Saturdaty September 16th 2017
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CTP was awarded Warehouse Development and Warehouse Developer of the Year at the annual CIJ Awards Ceremony held at Radisson Blu Hotel in Bucharest last evening. The award was given to CTP for its development at CTPark Bucharest West where CTP Romania has been successful in leasing all available space and building more pre-let space for new clients. During 2016 CTP grew its portfolio to 570,000 m2 and reduced vacancy to 6%, consolidating its market leading position in the country. CTP moved quickly in 2015 through acquisitions at strategic industrial hubs in the country, and continued expanding in 2016 with built-to-suit developments for both new and existing clients.
CTP is proud of its achievements in 2016, during which CTP was awarded 1st place in the hospitality category for Courtyard by Marriott at Spielberk at CIJ Czech Republic and won the Environmental Social and Sustainability Award for CTPark Voderady at CIJ Slovakia.
CTP has recently signed an agreement to purchase the logistics and manufacturing facilities with a combined floor space of 82,000 m² from Industrial Securities. The agreement covers WestLog DC at Biatorbagy and a manufacturing facility located in Szombathely. The transaction has increased the total floor space of CTP’s real estate portfolio to 220,000 m² in Hungary. The modern logistics and distribution hub Westlog DC, home to major tenants such as DHL/Huawei, Tatár Pékség, Willi Betz and Bottari, are located near the western edge of Budapest.
The acquisition includes logistics faciliies of 63,000 m² at Biatorbagy and a second property at Szombathely of 19,000 m². The Szombathely asset is fully occupied by the leading global supplier for automotive markets, Delphi Hungary.
CTP has completed several other major transactions in recent months. The company has been present in Hungary since late 2015, and plans to expand its portfolio to 500,000 m² by the end of 2018. CTP’s local team has also been growing, with new hiring expected for facility management, project management, business development and financing positions by the end of the year.
“Hungary is a key market for CTP which is also demonstrated by our recent acquisitions. Customers increasingly look for unique and personalized solutions, a field in which CTP has accumulated a broad experience”, said Flóra Badacsonyi, CTP Financial Manager.
CTP is a full-service commercial real estate developer and manager, specializing in the delivery and management of custom-built, high-tech business parks for leading international and domestic companies making strategic investments in new or expanded operations in Central Europe. CTP is the owner of the CTPark Network, the largest integrated system of premium business parks in Central Europe, with over 3.7 million m² of A-Class properties in over 60 strategic locations.
CTP's Annual Report 2015 was recognized by the elite Czech Top 100 club again this year, winning 2nd place overall in the contest between entries of the largest and most influential Czech companies. 1st place was awarded to the Czech state energy giant ČEZ, and third prize overall was won by PPF.
CTP's annual report took 1st place in the design category and 2nd place in the content category. CTP is proud of the award-winning finance and marketing teams, and their efforts which resulted in taking top honors for the 4th year in a row.
CTP is nearing completion of phase I of a new 25,000 m2 production facility which is being constructed for a new client, UK-based Stow, one of the leading suppliers of added-value warehouse racking and storage systems. The company's core activity is the development and manufacturing of top-quality racking systems for the storage of palletised or small goods and longer items, as well as mezzanine structures.
Completion of the first 15,000 m2 is running 4 weeks ahead of schedule, and allows the client early access prior to final handover, which is scheduled for January 2017. The construction of Phase II will be commence immediately following the completion of Phase I, with handover scheduled for the final 10,000 m2 in 06/2017.
CTPark Karviná is located just 10 km from Polish border and 30km from Ostrava. The park is an ideal base for high-tech production, test facilities and automotive supply chains. The park’s accessibility is enhanced by the nearby Ostrava airport, only 50km away.
In order to be sustainable, environmentally friendly, and to remain the best choice for their clients, CTP targeted a 5 % reduction in energy consumption within the CTPark portfolio in 2016. A total area of 100,000 m2 has already been retrofitted thus far this year.
Based on energy studies and CTP’s pilot projects, this 5% reduction was primarily effected by exchanging legacy lighting to LED lighting. It required completely exchanging existing lighting systems and replacing them with LED lighting. “There are other ways to reduce energy consumption, but LED is the fastest, has the most impact, and is very interesting for our clients. As a result of the change, our clients’ electricity bill decreases. And teh return on investment is fast—within less than 2 years,” adds Stefan de Goeij, Head of the Property Management Department in CTP.
For 2016, CTP targeted a 5% decrease and the company plans to achieve that goal. Currently, the company has updated 100,000 m2 and over 150,000 m2 are scheduled for Q4. The works were undertaken in various parks throughout the Czech Republic, for example in CTPark Ostrava, CTPark Bor, CTPark Plzeň, CTPark Kadaň and CTPark Hranice. The company will also upgrade facilities in the Romanian market, mostly at CTPark Bucharest West II, but also at CTPark Timisoara, and CTPark Arad.
Furthermore, CTP will also retrofit exterior lighting in CTPark Timisoara, CTPark Bucharest and CTPark Bucharest West II. CTP plans to exchange 400,000 m2 of LED lighting throughout its portfolio next year. “The size of the retrofit is very unique. The buildings that have been refitted will undergo a re-certification for the Energy Performance Certificate and we expect to increase the rating from ‘C’ to ‘B’,” says Stefan de Goeij.
Honeywell’s won Investor of the year in the Research & Development category for its new R&D facility at CTPark Brno, which focuses on aerospace, automation and control. Total invesment was nearly CZK 250 million and the company plans to open more laboratories in the coming months. The modern research facilities will offer 300 new jobs in the South Moravia region and will become Honeywell’s biggest research and development centre in Europe.
The yearly award by CzechInvest and AFI recognises the most significant achievements that contributed to the development of business in the Czech Republic last year. The winners of the sixteenth annual Investor and Business Property of the Year competition were announced by CzechInvest and the AFI at an awards ceremony held at Slovanský dům on Tuesday, 25 October 2016. Awards were presented to a total of eleven significant investors and business properties for 2015. The specialist partner of the competition, the Association for Foreign Investment, awarded special prizes to two winners. The event was held under the auspices of Minister of Industry and Trade Jan Mládek.
“In 2015, CzechInvest arranged investments worth nearly CZK 45 billion. More than 30% of all investments involved high-tech projects. This is a clear signal that the Czech Republic has made itself known in the world as an ideal destination for investments with higher added value,” says Minister of Industry and Trade Jan Mládek. “Besides high-quality people, one of the most important criteria is the speed with which an investor can start doing business. It is thus necessary of course to also have a high-quality offer of suitable properties, which is an area in which we definitely feel that there is room for improvement in the future. Therefore, with the support of numerous cities and towns, we selected appropriate locations that new investors can occupy over the next several years,” says Karel Kučera, CEO of CzechInvest.
Read the CzechInvest Press Release here.
CTP is proud to announce the appointment of Mrs. Ana Dumitrache as co-country head for CTP Romania who will co-ordinate operations with CTP CEO, Remon L. Vos. Mrs. Dumitrache will transition to full time by November 7th, 2016.
Mrs. Dumitrache is a Romanian native with extensive experience in real estate and finance. She built a successful carrier in banking with a long term focus on real estate. During her career, while she worked at the largest bank in Romania which was the primary underwriter of real estate finance in the country, she has acquired strong market knowledge, cooperating with top developers in CEE and becoming one of the most respected professionals in the industry in the country.
Mrs. Dumitrache will be responsible for funding, finance & accounting, focusing on business development in particular, and will support the overall operations of CTP in Romania. Her target within CTP will be to replicate her success in the banking industry, bringing strength and professionalism to the team, creating bridges with partners and supporting the dynamic growth of the company. She believes that a champion will always be a champion with the right support, and says her decision to join CTP in a new career was quite easy.
CTP, a Dutch-led international developer & investor, and the owner and operator of the CTPark network, has extended its activities and investments throughout Romania significantly over the past years. Current investments are valued at approx. EUR 250 million. CTP is currently constructing various A-class industrial properties in Bucharest and regional cities with the plan to grow the portfolio to 1 million m2 of lettable area by 2018. The most important projects for CTP are the business and logistics parks along the A1 motorway, but also the projects which CTP has launched in Sibiu and Cluj are of significant importance. Due to CTP’s acquisition spree in Romania during 2015, the company is currently the #1 industrial developer on the Romanian market.
As of October 3rd Iveta Brujová joins CTP financial department as consolidation specialist. Iveta will be responsible mainly for preparation of Group consolidated financial statements. Before joining CTP, Iveta worked for 8 years in J&T Finance Group, last 3 years as consolidation specialist. In her spare time Iveta enjoys travelling, hiking, jogging and crossfit.