Trading of CTP on Euronext Amsterdam commences
Leading vertically integrated European logistics property owner-developer, CTP, announced that the offering of its shares has been successfully priced at EUR 14 per share, according to a report by the Warsaw Business Journal. This means that the market capitalization of the company is EUR 5.6 billion. Listing of and first trading in the Shares on an "as-if-and-when-issued" basis on Euronext Amsterdam commenced March 25, 2021, at 9:00 CET.
"CTP's listing on Euronext Amsterdam is the next step in an incredible journey. I am proud to celebrate this milestone with my team. We have been passionate about industrial and logistics property for more than two decades. From low cost to high tech, we drive the e-commerce development, enabling cross-dock and the last mile. From a start-up owning a shed, we have grown to become a top five player owning Class-A property, with over 400 employees, solar on the roof, and honey makers in the garden. As Parkmakers, we are fully BREEAM certified and carbon neutral. We did this thanks to our great network, the cities we invested in, and the over 700 clients who helped us learn and grow this fantastic company. But most of all, thanks to the team, all the talented hardworking, and ambitious people at CTP," Remon Vos, CEO of CTP, said.
CTP plays a leading role and is constantly increasing its share in the logistics markets of the Czech Republic, Romania, Hungary, and Slovakia. The company is the fastest-growing logistics real estate developer in Serbia and is expanding its scale of operations in Poland, Austria, and Bulgaria.
At the beginning of February this year. CTP has established a strategic partnership with MDC, a company operating in Poland, to build fully serviced business parks throughout the country within the CT Park network. The construction of the first three facilities started in the first quarter of 2021. In the first year of the project, CTP will invest EUR 200 million.
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