CTP, a major owner, developer and manager of industrial and logistics real estate in Continental Europe, has appointed Matthias Bitzan as country head of CTP Austria.
He joins CTP from Austria’s Erste Group Bank where he was head of commercial real estate clients and responsible for growing the bank’s loan portfolio in Austria and CEE markets over the last decade.
CTP has initiated a €150 mln investment programme in the Austrian market where its first developments at CTPark Vienna East and CTPark Vienna North are under construction and five additional projects are to start in 2023.
The company owns four sites in around three sides of Vienna to the north, south and east, offering the potential to develop some 139,000 m2 of space.
Earlier this year, CTP sealed a lease in CTPark Vienna East with its first tenant in Austria, Toyota Logistics Services. The agreement with the spare parts distribution arm of the Japanese auto giant was also the first between CTP and Toyota in Europe.
Remon Vos, CTP CEO, said: ‘Matthias Bitzan’s extensive experience and network in the Austrian and CEE commercial real estate markets means he is well placed to lead and build on CTP’s rapid expansion in Austria, where we expect our investment into developments to reach around €150 mln by the end of next year.’
Matthias Bitzan, country head CTP Austria, added: ‘We see significant market opportunities over the next five years to develop both logistics as well as light industrial properties on the landbank CTP has acquired in Austria.’