Source: eKapija | Thursday, 26.07.2018.| 14:58
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CTP invests EUR 75 million into expansion activities in Serbia - Acquisition of property in Belgrade and Novi Sad announced

Illustration (Photo: wellphoto/shutterstock.com)
CTP, Central Europe’s leading industrial park developer, today announced its expansion plans for Serbia. CTPs investment covers the acquisition of property in Belgrade and Novi Sad as well as further development all totaling 120,000 m2 of lettable area.

CTPs first investment, located in the capital, Belgrade is a 12,000-m2 facility accommodating an existing client, Phoenix Pharm, with an extension possibility of 5,500 m2. Second investment in CTPark Belgrade West in facility of 13.555 m2, which is located on neighboring site is under development with planned opening in second quartal of 2019.

The Novi Sad Facility, with a delivery date Q3/2019, will be over 23,000 m2. Just 80 km from the Capital, Novi Sad, the country’s second largest city, is an industrial and financial center in its own right, with over 340,000 inhabitants. Novi Sad is an industrial and financial center important to the Serbian economy along Belgrade. The University of Novi Sad has more than 50,000 students and 5,000 employees and, as such, is one of the largest educational research centres in Central Europe. Science and Technology Park Phase II is located in the University campus. This is an important attribute for potential CTP clients, most of whom come from the automotive, high-tech manufacturing and logistics industries.

– After a couple of months of hard work, we delivered our first major acquisition in Serbia. A significant step in cementing ourselves as the premium developer in the country. I am proud to provide new facilities to our potential clients, with a built-to-suit solution in case they decide to extend their business – said CTP’s Country Head of Serbia, Vlatko Djuricek.

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 and Eastern Europe, with over 4.5 million m2 of A-Class properties in more than 82 strategic locations. CTPs plan is to grow the portfolio to 10 million m2 of lettable space by extending cooperation with existing partners.
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