CTP, Europe's largest listed developer, owner, and operator of industrial and logistics properties by gross leasable area (“GLA”), is pleased to announce a new strategic partnership with state-owned postal operator Poșta Română (“Romanian Post”), Romania's market leader in postal and logistics services.
"2025 has had a very promising start. The broad leasing activity – across our existing portfolio, in projects under development and for new development projects – emphasises the strong fundamentals of the ector and our portfolio. This signals a recovery in demand for logistics space, despite the prevailing uncertainty due to the volatile geopolitical and macroeconomic environment. Moreover, this quarter, deals worth 320 million euros were secured, all of which were previously in exclusive negotiation phase.
With our very appealing investment pipeline of over 800 million euros, we are on track to achieve our #BLEND2027 targets. On top of that, this pipeline is fully funded and capital structure neutral upon completion. Altogether, this reaffirms our ambition: to build a unique 10+ billion euro European logistics real estate platform, with a continued focus on consistent earnings growth per share and the generation of attractive total returns", said Joost Uwents – CEO WDP.
WDP announces three new pre-let developments on its own land reserves in Ridderkerk (NL) and Bucharest-Dragomirești (RO). Jointly, these account for a total lettable area of approximately 93,000 m². The total investment budget amounts to approximately 107 million euros and will generate an average NOI yield1 of more than 7.5%.
CTP, the largest listed developer, owner and manager of industrial and logistics properties in Europe, measured by gross leasable area (GLA), announces the expansion of its partnership with RARA Logistic, a leading Romanian logistics provider. The collaboration now covers over 31,000 sqm in CTP parks in Bucharest, Sibiu and Deva, reinforcing both companies’ commitment to developing Romania’s logistics infrastructure.
CTP N.V. recorded Gross Rental Income of €664.1 million in the year, up 16.1% y-o-y, and like-for-like y-o-y rental growth of 4.0%, mainly driven by indexation and reversion on renegotiations and expiring leases. As at 31 December 2024, the annualised rental income came to €742.6 million and occupancy came to 93%.
VGP NV, a European provider of high-quality logistics and semi-industrial spaces, achieved a net profit of 287 million euros in 2024, marking an increase of 229% compared to 2023. The company's net asset value increased by 8.4%, reaching 2.4 billion euros, reflecting its strong financial stability and long-term growth strategy.
ELI Parks has signed a new lease agreement with FAN Courier, Romania’s leading courier service provider, for a 4,800 sqm space, a transaction brokered by Dunwell.
Industrial developer CTP has announced the expansion of its collaboration with freight transport manager Delamode at the CTPark Bucharest industrial park.
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