Dutch-based commercial real estate developer and manager CTP is looking for a strategic investment partner on its CEE logistics property portfolio encompassing over 5 million m2.
In a statement, CTP said that it has appointed C&W as its exclusive advisor on the process. The size of the portfolio which could be sold is confidential, it added.
CTP is the owner of the CTParkNetwork, a major integrated system of premium business parks in Central Europe, with over 5.5 million m2 of industrial properties at over 96 strategic locations in six coutries - Czech Republic, Slovakia, Hungary, Romania, Serbia and Poland.
The decision comes as CTP has just announced a new expansion strategy aimed at growing the portfolio to 10 million m2 by 2023.
'In order to reach this ambitious goal, CTP is taking steps towards various options to strengthen further its capital base and enhance our growth prospects,' CTP said.