Leading vertically integrated European logistics property owner-developer, CTP announces its intention to launch an initial offering and to apply for admission to listing and trading of its shares on Euronext Amsterdam.

CTP is a top-five European logistics property company and CEE’s largest logistics property owner-developer based on the gross lettable area (GLA). After 22 years of entrepreneurial success based on organic and strong profitable growth, the company is now ready for the next step in its development. Following a strategic shift in the Groups’ funding strategy, CTP entered the international bond markets in 2020. CTP successfully issued its debut green bond of €650 million in October 2020, followed by two additional green bonds at attractive

terms taking the total issuances to more than €1.5 billion to date. Having successfully accessed the investment-grade debt markets, CTP is now planning to access the equity capital markets in order to fund its continued growth

The Group’s strategy is focused on controlled organic growth of its property portfolio, primarily via tenant-led development, and selective strategic expansion into new geographies. The expansion will be, primarily focused on neighboring countries such as Austria, Poland, Serbia, and Bulgaria but prospectively also on other European countries. . In February 2021, the Group signed a strategic partnership in Poland with the objective to develop a portfolio totaling more than 1.75 million sqm by the end of 2025 (CTP will own 100 percent of the properties). In addition, the Group may consider further tenant-led expansion outside of Europe

CTP believes that the intended Listing on Euronext Amsterdam will raise the Company’s profile with the international investment community and establish a market for the Shares which may benefit the Company in case it desires to access the equity capital markets in the future. The Offer is anticipated to be made available to institutional investors and expected to comprise a primary offering of approximately €0.8-1 billion.

(WBJ)