On Smart 34 Biomimicry: CTPark
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
03
14 Bert Hesselink:
Developing
for Healthy
Communities
18 On Smart
Buildings:
Fundamental
Change
34 Biomimicry:
Leveraging
Nature’s Design
CONTENTS
GROUNDWORKS FINANCE, BUSINESS & COMPANY NEWS REGIONS PLACES WHERE WE OPERATE
Brno Offices
Developments in the Czech
Republic’s innovative
Bert Hesselink second city are attracting
Developing for Healthy the star players of the
Communities high-tech world
14 30
CzechITas CTPark Network
Supporting women and Facts, figures, and project
youth in STEM careers and updates from around CEE
complementing the Czech
educational system
22
12
INSPIRATION THE WORLD AROUND US DA FUN STUFF RELAX & ENJOY
Martina Bravencová:
Biomimicry: Jetsurfing on
Leveraging Nature’s a Lucky Wave
Design Jetsurf world champion,
Inspiring human solutions in stunt woman, actress,
architecture and design cake baker
G R I D 0 3 34 48
Spring 2019
On Smart Buildings 10 Most Amazing
Digitalization is Inventions of 2018
Company Magazine of the year 2018 fundamentally changing the From a pair of arms that can
Now in 3 exciting flavours! way buildings are planned, build another pair of arms,
constructed, used and to edible electronics
managed
18 38
“I said a hip hop, a hippy to the hop,
Like what we see, with no rent free.
5 million under the roof, make us groove.
CTP full speed is what we need
Beat don’t stop till the break of dawn.”
I t 's t
c
i
e
m
l
e
e
t
b
o
r a t e ! The Surprise of the Christmas Gala, Richard
and Remon mark the transition from 2018 to
2019 with the inside scoop on some of the
big changes and the game plan going into
summer and beyond in a HipHop Rap
2 3
CEO Word
We grew the team over 20 % to 380 people by the end of the year. And it's not
like these 380 sit in one big, shiny office somewhere in downtown Prague. CTP
is very different. We have smaller teams located throughout the region based
380
138
on site where the action is. They’re there to look after our clients, of course. 72
They ensure progress while constructing new property, but also to make sure Employees
the parks are well maintained and always in excellent condition. People like
98
David Chládek, Miroslav Pekník, Valentin Rosu but also Štěpán Morkes, Zdeněk
35.5
Total Lettable Area (In m2) 22
Core & Office portfolio
Apeltauer are a few examples. Then there is support to these teams. In particu-
73
lar legal, accounting, funding, and other specialised teams, with close coopera- 3,212,000 Czech Republic 49
76
Average age
tion amongst them all. Overall, we are well balanced. 50/50 male/female and an 930,000 Romania 66
445,000 Hungary
46
average age of 35.5 years. 284,000 Slovakia
27,000 Poland 26
10,000 Serbia
As for the tools, I must admit that it took us more time, but we now have
25
new IT systems up and running and this creates more efficiency and helps us
24 15
20
Male
to increase productivity. 10
Female
Property
Management
Accounting
Legal
Construction,
Purchase,
Design
Business, IT,
Management
Support
We doubled the size of our portfolio since 2014. With 5 million m2
under roof and a landbank to develop another 3 million, CTP is on
the way to grow to 10 million m2. Over the past few years we have CTP Employees, Dec. 2018
been working hard on buying strategically located land in the five In order to maintain high quality service and
accommodate our clients, we increased
capitals of the countries we operate in, Prague, Belgrade, Bucha- staffing in all markets by over 20%.
rest, Bratislava and Budapest. I’m excited about the latest acquisi-
tions in Budapest which now allow us to offer warehouse proper-
7.9
ty all around the city. CTP is the market leader in Romania. We are
29,698
Projected
2.1
are strong in Bucharest and recently acquired a site just north of
6.9
the city which will offer greater choice to our tenants. 1.1
5.9
We’re looking forward to meeting our business partners at MIPIM
in March of this year, and at other business events in the upcom-
5.0
ing months. In addition, we will be making a splash at this year’s
4.4
running events in Prague and getting together our runners from
3 .8
12,148
around the region for these races.
3.2
We continue our support for the CTP
9,039
2.3
Doksy and CTP Palava triathlons and
5,648
we will of course be racing in both
4,705
3,473
this summer. Get your teams togeth-
1,266
er and see if you can compete with “CTP people are dynamic,
490
446
300
234
100
63
78
32
the full-speed CTP dream team!
energetic, experienced and
2014 2015 2016 2017 2018 2019 2020 2021 CZ SK RO PL HU RS CZ SK RO HU CZ RO HU SK PL
Production Services Warehouse/Logistics
at the same time, good on the
Lettable Area Development (In million m2) Employment in our Parks, by Country
CTP’s plan is to grow our portfolio by up to 1 million m2 The stability of the CTP business model is underlined by the diver-
yearly, primarily through organic growth of our cur- sity or our clients, many of which operate high-tech production
dance floor, sportive, happy to
rent clients. and value added services throughout CEE. These investors have a
postitive impact the surrounding communities, providing directly
70,000 jobs—and many more indirectly—to local communities.
Actual
take on a challenge and go the
Standing & Under Construction
Future Plan
Remon L. Vos, Frics
CEO
extra mile. Great people.”
4 5
CFO Word: Preliminary Financial Results
Conditions in 2018 continued the trends of 2017 with clients
increasingly seeking new, built-to-suit premises, as well as
more energy-efficient buildings. Demand came mostly from
companies involved in added-value manufacturing processes
as well as from companies operating e-commerce operations. Portfolio Growth by Gross Portfolio Growth, 2018 (In m2)
Despite ongoing concerns about low unemployment, Country, 2018
companies continued to grow or move new operations to the
44 % Czech Republic
region. As a result, CTP was able to take advantage of these
Acquisitions Own Construction
39 % Romania 7% 93 %
trends, and as we grew our portfolio to 5 million m2, we also 9 % Hungary
5 % Slovakia
47,093 m2 582,968 m2
saw both revenues, profits and asset values grow. In 2018 we 2% Serbia
expect to report total asset value growing over 7% to EUR 4.7 1% Poland
billion. In 2018, overall rental income,
including from hotels, is estimated to
grow 11% to over EUR 254 million. “In 2019, we plan on carrying
In 2019, we plan on carrying out the out the largest refinancing
largest refinancing in our history,
accounting for our complete Czech in our history, accounting for Portfolio Growth
As in previous years, expansion by current clients was
the main driver of organic growth, although 7% of overall
industrial portfolio. We expect
our complete Czech industrial
growth came through strategic acquisitions. During 2018,
our portfolio grew more outside of the Czech Repbulic,
this transaction to become a and we expect this trend to continue in coming years.
unique opportunity to deepen our
relationship with our core banking
portfolio.”
partners. We will continue working
on divesting from non-core assets, Richard Wilkinson
allowing us to focus on our core
397
CFO Projected
industrial development business. 78
340
We expect growth to continue in all 27
markets, and we continue to seek
281
257
Societe Generale
appropriate opportunities throughout the region, particularly in Romania,
233
Helaba Group
Raiffeisenbank 229 185
Poland and Serbia. In addition to organic growth, CTP expects to grow the
International Group KBC Group
200
313 293
portfolio by appx 165,000 m2 through acquisitions in the coming year. In the
165
134
coming 2 years, CTP plans to invest over 70 mil EUR on land acquisitions which Other
Raiffeisenlan-
desbank
will be used for Group’s further development. CTP’s cash flow is generating
Niederöste-
135 Allianz rreich
96 84
sufficient resources to keep the land bank on a stable level in order to offset Raiffeisen
Landes-
part of the land bank which is used for development. At end 2019, with current
bank
Oberöste-
Uni Credit Bank Group Erste Group ING Group EBRD rreich
306 270 108 60 43
growth plans, we expect revenues to increase to over EUR 280 million. In 2014 2015 2016 2017 2018 2019 2020 2021
addition, we plan to supplement our cash flow through specific divestments,
which we expect to generate nearly EUR 48 million, which we intend to reinvest Gross Rental Income (EUR million)
Rental income grew in line with portfolio expansion.
Financing
At end 2018, we maintained strong relationships with over 11 major
and further expand our core portfolio. financial institutions. In 2019, we plan to to refinance the entirety of
our Czech industrial portfolio, providing an excellent opportunities
Actual for our banking partners.
Standing & Under Construction
Future Plan
6 7
CTP hit 1 million m2 of lettable area We reached the 5 million m2
in 2007 in the Czech Republic, milestone at the end
becoming the #1 industrial of 2018, 2 years ahead
developer on the market and the of schedule following
opening of our 1st office park, expansion to 90 parks in
Spielberk. CTP looks to expand in 8 countries in CEE.
other CEE markets.
CTP began construction on
its first building in 1998 in
Humpolec, Czech Republic
on a ten hectare plot.
CTP was proud to announce reaching the
5 million m2 lettable milestone in December
2018. Over the years, the company managed to
developed a portfolio of strategically located
business parks throughout central Europe with
95% occupancy and over 415 tenants employing
nearly 60,000 people in a variety of industries,
manufacturing, R&D, logistics, distribution and
e-commerce across 8 countries. And the next big
milestone—10 million m2—is closing in fast!
8 9
Inside Commercial Real Estate
Ferenc Gondi Mihai Buciuman
Legal Director, Senior In-house Lawyer
CTP Hungary How does IT affect legal?
What's the most challeng- Legal should both support
ing part of your job? and rely on Information
I believe that developing systems. Legal is in the best
and leading an in-house position to check that infor-
legal team from square mation is correctly summa-
one is a lawyer’s dream rised and databases reflect
job. Finding solutions exactly what is agreed. And
to everyday tasks while IT systems are often our best
managing those tasks resource when it comes to
WHAT THE HELL DOES
creates a nice balance cross referencing actions
quently, each Project Manager knows his contact between the creative and with delineated rights and
in the legal department well, and the lawyers analytical. responsibilities.
know the issues and particularities of each busi-
ness park better, which should provide for better
communication and results.
LEGAL IN REAL ESTATE DO?
Because CTP is now a major international
player, legal has had to adapt to enable this ex-
pansion and position itself as a service provider to
the whole region. We have different structures in
each country and we needed to find a balance be-
tween doing things locally and providing central
support from CZ. For instance, we have a legal
team in Romania for leases, construction, & cor-
porate housekeeping services, while we support
CTP’s business plan requires providing fast, professional these areas with group standards and processes
centrally. But the bulk of the daily work is done
development services. And developing buildings necessi- locally. On the other hand when it comes to M&A
tates legal assistance at many levels: with local permitting and financing, for example, the majority of the
work will be handled centrally with support from
authorities, in lease negotiations with clients, in negotia- local colleagues, since the volume of this work
tions with financing banks; in due diligence when acquir- would not warrant employing experts locally.
In CZ, we have a fully-fledged legal depart-
ing or divesting of assets. As CTP has grown, ensuring a ment: in RO & HU we already have in-house
strong legal team in-house was a key ingredient to that
legal advisors but in PL & RS we don’t yet have
in-house legal staff but will as we grow.
growth strategy. The new CTP Group Head of Legal, Eugen
What are the biggest challenges you need to
Sonnleithner, speaks about the challenges his legal team tackle on the group/CEE level?
faces, and how an in-house legal team is important for CTP has many informal processes which were
established when CTP was a smaller company.
the company’s success. Top management recognized the need for certain
processes to be formalized to take account of con-
siderable international growth and complexity of
CTP. My job is to create and formalize these new Eugen Sonnleithner
processes with the caveat that any new process Group Head of Legal
should only regulate to the extent absolutely Eugen joined CTP in November 2018 after working more than
a decade at Erste Group in Vienna, where he headed the legal
necessary—any regulation reduces flexibility— department dealing with real estate matters all over our region.
GRID: What is the role of the Legal Department and thus not burden the organization. CTP must Prior to Erste, he worked more than five years with various law
in CTP? remain a fast-moving, flexible organization, a pri- firms. He earned a PhD in law at the University of Vienna and holds a
Master’s degree from the University of Economics in Vienna. Eugen is
ES: At first glance, our role is to provide fast, mary reason for its success over the last 20 years. responsible for all legal matters of the CTP Group.
top-quality, reliable legal support to the business. On the other hand, we do need some standards
But that role can be more differentiated: (1) as processes, which if missing, create frustration
facilitator: making deals happen; understanding across the company.
the needs of stakeholders and balancing them to Another are of focus is ensuring g we are us-
CTP´s advantage; and (2) risk management: not ing our IT to the greatest extent possible for sup-
exposing CTP to unnecessary risk for the benefit port. For example, preparing reports for business
of making a deal. partners and management and generating the
Legal needs to balance both requirements. It first rough draft of contracts from the system.
Michal Földeš Květa Vojtová Oliver Oros
Requires thinking in alternatives; providing solu- Corporate Lawyer Corporate and Senior Counsel for Leasing
tions which lead to the realization of our goals What are the advantages of having legal Why do you like Financing Lawyer and Land Issues
without exposing CTP to unnecessary risk. counsel in-house for an industrial real estate working as an in-house What's the most challenging What was the most challeng-
lawyer? part of your job? ing project you have worked
developer? Working as an in-house In the M&A and Corporate Fi- on for CTP, and why?
How do you deal with operations across the Having a legal team in-house means better lawyer combines the best nance team, we mostly buy and The most challenging project
region? understanding of the business, processes, and of working in an interna- sell companies, spin them off, I’ve worked on so far is the
In the Czech Republic, we have 5 or 6 clusters/ “language” of CTP. Our team is easily approach- tional law firm with the merge and restructure them. drafting of a new lease
support of a great team Although we enjoy MS word (not agreement template, as this
regions, each of which have their project manag- able by everyone in the organization meaning of professionals. Plus, you excel) and playing with words is the document that impacts
ers and technical support staff, but also dedicated many issues do not arise or are quickly settled. have only one client: your (not numbers), we are people and connects all the various
accountants for instance. In order to support this External advisory services would cost time and employer, and you are just like everybody else in the departments of the company,
more often challenged company! The biggest chal- and further, is the basis of CTP
organizational structure, we have also assigned money. Plus, our team has is more business-fo- to make entrepreneurial lenge for me is to prove that income.
small teams of lawyers to specific regions like cused compared to external companies; who also decisions. we are not here to complicate
Bohemia, Moravia and Offices for example. Conse- need to be managed, adding administrative time. things, but can actually make
lives easier.
10 11
CTP: Good Neighbours
CTP Supporting
Communities Across CEE
CzechITas YourChance Casa Sperantei hospice
CzechITas organizes courses for girls and wom- and can benefit from greater diversity in their At the end of 2018, CTP became the general In Romania, CTP provides financial aid to hospic-
en on programing, web development, graphic teams. CTP is a big supporter of education partner of YourChance, which runs a program es for palliative care. Casa Sperantei hospice in
design and data analytics. CTP recently decided programs, and works to promote women in the aimed at Czech young adults who will soon be Bucharest, Brasov and Fagaras offer free care to
to support CzechITas by providing them with company. Because CzechITas works to correct old enough to move out of the children’s homes. more than 4,000 patients a year. The joy on their
the space they need to create an environment, gender and other imbalances, whether they be The program uses ‘mentors’ to assist the teens faces says it all.
where girls do not have to feel ashamed for financial or societal, CTP is proud to be involved with financial literacy, entrepreneurship, and life
raising their hand and where they can improve in support for CzechITas. outside the home. CTP supports this activity on
their skills. In December, CTP hosted the CzechITas Gala a financial level and promotes its employees to
CzechITas focus is on correcting imbalances in event at hotel Marriott Courtyard, launching the take on roles as active mentors.
education and encouraging women’s greater cooperation which will continue in a new office Plus, there are additional regional aid founda-
participation in STEM careers. In IT, there are very building at Ponávka. The CzechITas organisa- tions set up to help children from threatened
few women, and as the modern world requries tion will help support education, and will bring families. Currently CTP is looking into a new pro-
a high degree of digital literacy, companies will additional life and young talent to the Ponávka ject aimed at children endangered by domestic
need to hire more women into these careers, community. violence.
The CzechITas House at Ponávka will be the very Úsmev ako dar (Smile as a Gift)
first place that provides complex IT support CTP recently became a partner, in Slovakia,
to women and youth at one place in the Czech helping children from children’s homes in their
Republic, composed of education, motivation, real-life struggles. The NGO provides support
tools, coaching, camps and career development and coaching to families who accept these
and change. The House will contain: children into their own homes, in addition
• CzechITas offices to assisting socially weaker families with
• Classrooms for courses everyday worries.
• Facilities for lecturers
• Open study room & multipurpose room
• Presentation hall
• Playroom & kids corner
• Café with a presentation area for community
events, lectures for the public, partner com-
panies events
CTP takes prides in its
Tereza Maxová Foundation efforts to act as a “Good Kids learn about real world skills
CTP is one of the largest long-term sponsors Neighbour” to the com- In late January, CTP hosted 23 young students
of the Tereza Maxová Foundation whose aim is from the nearby Montessori Primary School to
to provide effective assistance to abandoned
munities where it is take part in an excursion at CTPark Humpolec.
and underprivileged young children at both active. As part of this, As part of a project in which children learn their
the national and regional level. CTP’s support CTP promotes socially parent's jobs, CTP taught them what property
“I truly believe that the future lies in technology focuses on their education from early childhood development means and of the various roles in
and diversity. It unlocks individual potential and till maturity, giving them more of a chance on
responsible behavior the company such as lawyer and project man-
is a great talent source for companies. CzechI- the labor market. wherever it operates and ager. The students then got to visit one of the
Tas’s mission is to inspire and empower women supports a wide range tenants, BJS, to see the manufacturing process
and youth to pursue STEM careers, complement- of IKEA furniture pieces. The children played
ing the Czech educational system. It will be a
of community-based roles of Purchaser and Seller and had a fun and
long-distance run, and we are excited about organizations, mainly educational day.
building and maintaining long-term partner- focused on children and
ships with leading companies like CTP .”
adolescents.
Dita Přikrylová
CEO & Founder of CzechITas
12 13
Interview
“I am happy to move from being an advisor to being
Deep in my heart it was an easy decision for
me to join CTP. What I love about the company
hands-on in CTP”, says Bert Hesselink, new Group is that it is privately owned and that it typically
Business Development Director. “There is no better
keeps its properties under long-term ownership.
Also, I am impressed by how entrepreneurial,
place to make a meaningful impact on the quality innovative, no-nonsense and fast-moving the
organization continues to be despite its size now.
of the built-up environment than by working for the At the same time, it is a developer that truly cares
largest developer and private owner of integrated, about and has a long-term vested interest in the
success of their clients, the region and local com-
high-tech business parks in CEE. And, I am both ex- munities across Central and Eastern Europe. This
cited and honoured to make a direct contribution to is what really puts CTP in a different league and
this is why I love working for CTP.
creating better spaces for businesses and people in
What are some of the trends you mentioned
the Czech Republic and CEE.” earlier which you see impacting the countries
where CTP operates?
Interestingly, this is also fully aligned with
my personal interests and side activity of lectur-
ing on the topic of Innovations and Real Estate as
part of the first MBA in real estate program in the
Czech Republic at the University of Economics in
Prague (VŠE). If we look at CEE, the Czech Repub-
lic and Slovakia are favoured spots for production
and warehousing because of their being adjacent
GRID: Can you introduce yourself and tell us why to the developed economies of Germany and Aus-
you joined CTP? tria. Aside from this, there is an inherent focus
BH: In my role as Group Business Development on innovatio, which derives from CTP's long-term
Director it is my key responsibility to drive view. I am always looking for the next big trend
business and to grow the portfolio. My focus is on that will have an impact on the demand for and
continuously adjusting and fine-tuning the com- supply of real estate. There is no doubt that inno-
mercial strategy and to build out the organisation vations in sustainability, the internet of things,
to achieve this. digitization, artificial intelligence, autonomous
I am spending a lot of time with marketing, driving, 3D-printing, automation, cybernetics and
the business development managers, property innovations in many other areas will have a huge
management and customer service to ensure the impact on the type and location of real estate
integrated commercial success of CTP. that is needed and how it will be provided for and
I am extremely grateful that at CTP I can put managed by developers, investors and occupiers
my 18 years experience as real estate advisory in in the future. I will be sharing my knowledge
the industrial, logistics and office markets as well and hands-on experience with the students of the
BERT HESSELINK:
as operational and business development roles at MBA program. At the same time, it motivates me
CBRE to good use. to stay on top of the latest trends and to apply
I've been living in the Czech Republic for these in my role at CTP which invests heavily into
the last 14 years and have learned to appreciate sustainability, intelligent buildings, etc.
the complex history of the individual countries
DEVELOPING
and regions whilst staying connected to Western Is CTP the developer and owner of choice for
Europe for inspiration on the latest trends and tenants and communities?
innovations. Taking everything into consideration, CTP´s
Joining CTP was for me the opportunity of long-term investment into their properties, its
a lifetime: combining all my interests, work ability to adjust its offering of properties to
FOR HEALTHY
experience and deeper life purpose into one role changing demand, as well as the priority it places
and place. CTP is for me a company where I can on innovation—it is obvious that CTP is the devel-
be an active partner in creating better places and oper of choice both for tenants and communities.
healthier communities across Central and Eastern The fact that this is not the case (yet) convinced
BERT HESSELINK Europe. I am intrigued by the positive impact me that there is still a lot of space to improve
GROUP BUSINESS that real estate development can have on compa- with regards to business development at CTP.
COMMUNITIES
DEVELOPMENT DIRECTOR nies, economies and people.
I was always very much interested in human
This is why I accepted the challenge wholeheart-
edly.
Born and raised in
geography and regional differences as a child, and
Tubbergen in The
Netherlands this continued into my early adulthood when I With all you do in the community it seems your
Graduated in 2001 with
graduated with a master degree in Economic Ge- goals are as much about caring as being inno-
a masters degree in ography with a specialization in real estate from vative?
Economic Geography with a the University of Groningen in The Netherlands. It’s probably true. Prior to joining CTP, I was
specialization in real estate
from the University of
Central and Eastern Europe is probably the most motivated every morning when I woke up to give
Groningen, NL alive and diverse region in Europe and perhaps my everything to “Making the Czech Republic a
Started his career at CBRE
the world. I consider myself an extremely lucky better place”. CTP then offered me the opportu-
Amsterdam man to have lived here for almost 15 years al- nity to continue doing this and to play an active
Held top management
ready and to be in a position in which I can apply role in creating and developing buildings and
positions at CBRE and DTZ my interests into my job and make a real impact communities and to expand it to all the countries
In Prague since 2004,
on the built-up environment and the lives of that CTP operates in: “Developing healthy com-
married, 2 kids
people in the region. munities across Central & Eastern Europe”.
14 15
CTP’s Development Process and Standards
SUSTAINABILITY CTP standards set our properties apart from the competition. From
floor to ceiling, our technical specifications exceed industry stand-
ards. We continuously upgrade our standards to incorporate the
IN PRACTICE
FULL SERVICE
latest technologies and materials. We also look to include materials
that help reduce the overall carbon footprint of our buildings, con-
sidering how much energy is used in the production of a material,
and how easily it can be recycled at the end of life. By ‘greening’
our standards, we aim to contribute to the long-term health of our
communities. As the basis for all our construction projects, the CTP
standard specifications ensure a consistent build quality of our
buildings, in every country where we operate.
PROPERTY DEVELOPMENT
CTP’s unique business model provides the full spectrum of
property development in-house. This allows for faster decision
making, better coordination during the whole development
process, resulting in time and cost savings for our clients.
Because CTP is the owner and long-term manager of our prop-
erties, we have an interest in their longevity and how they per-
form over time. We continually invest into and upgrade our
facilities to ensure lasting value to our clients. CTP sees itself as
a long-term business partner to our clients, and after move-in,
we ensure sufficient resources to manage our properties and
parks to make our clients and their employees comfortable.
1 2 3 4 5 6
CLIENT PERMITS DESIGN CONSTRUCTION FACILITY IN EXPANSION
REQUIREMENTS Speed-to-market is CTP’s design and CTP acts as general OPERATION As the client’s buis-
Clients often look to often a key require- engineering team contractor to con- After move-in, ness continues to
CEE markets to lo- ment, and CTP works work closely with struct the building, CTPark facility grow, CTP facilitates
cate a new manufac- ahead of time to the client to agree outsourcing to managers keep in their expansion
turing facility for the permit landplots detailed building reliable, high-quality close contact with plans based on the
benefits of location within the network, specifications, from suppliers, after open the client to ensure client’s new require-
within Europe and with adjacent land floor loading, ceiling tenders are award- all systems operate ments. Expansions
skilled local labour. for later expansion height, temperature ed, which meet efficiently and they can be an extension
CTP helps clients to reduce lead time. requirements, and budget, quality are comfortable in to their current
narrow down With the plot pre- sufficient office & and environmental their new premises. facility, or a new
locations during the zoned and fully per- sanitary space. A standards. facility at a different
search process, and mitted, construction floorplan is agreed, CLIENT SERVICES location.
our in-house legal can begin as soon and construction CTP can provide
team works with the details are agreed. schedules are put in yearly contracts for BUILDING UPGRADES We recently conducted a study of our standard warehouse and pro-
client to agree initial place. Because CTP on-going service, After some years duction facilities compared to other new buildings on the market. The
plans, facility size, has unique building freeing the client to of operation, CTP study shows that our latest CTP-built buildings lead the market.
and use needs. types designed for concentrate on their invests into its build- (Cost savings per individual countries can be found on pages 22–29)
specific business core business. CTP ings, often installing
operations, CTP’s works with local fire new atmosphere MAIN SPACE HEAT GAINS FROM EMPLOYEES GATE OPENING OPERATION AVERAGE LIGHTING SPECIFIC ENERGY
design team works and security coun- control systems, BUILDING TYPE TEMPERATURE TECHNOLOGY PER SHIFT FREQUENCY TIME REQUIREMENTS COSTS
with the client to cils to ensure safety reducing the overall (°C) (W/m2) (LUX) (EUR/m2/mo)
assist in technlol- norms, and creates energy consump-
WAREHOUSE 2 shift Mo–Fri
ogy installation so monthly schedules tion, thereby reduc- 15 1 50 medium 200 0.27
10,000 m2 (333 hr/mo)
clients can simply for outdoor clean- ing operating costs.
plug and play. ing, snow blowing, PRODUCTION 3 shift Mo–Sat
groundskeeping 18 10 200 medium 300 0.44
10,000 m2 (333 hr/mo)
and general building
maintenance.
This table shows the standard parameters used to compare the real world energy expenditure
of a New CTP Building to that of our competitiors’
16 17Insight: Experts Sharing Their Latest
On Smart
Buildings
Digitalization is fundamentally changing the way
buildings are planned, constructed, used and managed.
The business of Smart Buildings—with sensory capabilities
carried out through IoT is expected to become a $51.44 Billion
globally by 2023. Currently, more than 80% of new construction
involves at least one facet of IoT and/or related Smart Build-
ing technologies. The anticipated massive growth of IoT smart
building systems also creates a substantial market opportunity
for asset tracking systems and real time analytics, especially
regarding smart workplace solutions by allocating resources
to optimize workflows.
As CTP is both owner and developer, we need to stay ahead of
trends which enhance the user work experience, lower our
tenant’s operating costs, and provide long-term value to our
portfolio.
We have asked some industry experts to share
their views on Smart Buildings, IoT and their
benefits and potential impact.
18 19Insight: Experts Sharing Their Latest
Paul Deverell Stefan de Goeij Do Thu Trang Josef Šachta
Managing Director, Compro Solutions Head of Property Management, CTP Communications and PR, Spaceti CEO, Sharry Europe
On Smart Technololgy in New On IoT and Operating On Smart Buildings in On Popular
and Existing Buildings Costs Everyday Use PropTech
It’s best to look at new and existing These things alone can make a huge differential at various locations and For office buildings, there is still Workplaces have shifted towards ‘Smart buildings’ are still consid-
buildings separately, as both will difference to consumption figures also to measure the stratification of the problem of retrofitting man- being people-centric and flexible ered a young technology, but the
benefit greatly, but in slightly differ- whilst creating a healthier and more warm air that typically gets trapped agement systems—converting a while increasing the productivity industry is expected to grow to be a
ent ways. comfortable internal environment. in the upper part of the building. The regular office building into a smart and wellbeing of their inhabitants. USD50+ billions industry by 2023. So,
Building owners, occupiers and building ceiling fans can then be building costs about EUR 2.00/m2, Companies are seeing greater value for sure, smart technologies is a big
New Buildings tenants are increasingly demanding automatically controlled according but as adoption of smart build- and potential by implementing trend right now, some features have
From a new build perspective we energy consumption data to hand. to this data and redistribute warm ing technology continues to gain ‘proptech’ solutions. For example, a real value, others are more a mar-
80%
can begin with it’s design. The ‘Dig- In this regard utilities suppliers (gas, air downwards where workers can momentum it will affect an increase smart solutions can help with keting attraction bringing a “wow”
ital Twin,’ refers to an architect’s 3D electricity, water) have been replac- benefit. The same can be performed in affordablility and accessibility fast-growing headcounts and effect and some are both.
digital design of the property. This ing older meters with ‘smart me- in a production building where which will benefit all. related parking problems. Building
precise model of the exact dimen- ters.’ This data can be sent directly machinery emits heat that can be administrators now have a pre- of new construction Augmented reality brings great val-
sions of the building in digital form to energy management software redistributed around the building. The numbers vary, but energy con- cise overview of how the parking involves at least one facet ue for facility managers, for exam-
prevents many complications that that can automatically compare The heating system in turn requires sumption and building operations lot is used and employees can be of IoT and/or related Smart ple they can see all pipes inside the
can arise during construction. This precise consumption figures to less energy. are typically 20-30% of costs for navigated to open spots. That can Building technologies walls. Blockchain technology can
digital building plan is thereafter, those of the invoiced amounts from real estate developers and man- save employees precious minutes be used in the process of construc-
connected to the IoT sensors in and the suppliers themselves. Such We installed energy monitoring agers, which is a lot of money out each day. tion and subsequent maintenance.
around the building, combining both low-cost software systems enable systems including sensors on the door and a significant hit to the All these areas are interesting and
real time and historical data and detailed views (via laptop, smart- the main meters and also the sub environment. It’s also loaded with The impact of smart technologies pose a challenge for both start-
is the source from which building phone, etc.) and provide complete meters (electricity, gas, water). The waste, waste that can be partially on the building environment is only ups and traditional companies.
management and automation sys- control over energy monitoring incoming data from these sensors eliminated with the help of relatively at the beginning and the scale of The buildings themselves are more
tems operate. and management. Furthermore, is uploaded to the central software. cheap technologies. So, for us and what can be achieved in the next attractive for a new generation of
for building owners and facility The data is so granular we can our clients, as we’re are both devel- few years is enormous. It’s obvious professionals and can be operated
Imagine a building that can analyse managers, precise re-invoicing of view the consumption of individual opers and managers, ensuring our why: The technologies allow owners in a much more flexible way.
the meaning and implications of consumption to tenants can be au- circuits and suggest improvements. buildings are on the leading edge and operators to make data-based
data streaming in from different tomated, giving the tenant access The final phase is to install a Building of IoT is without question. The cost decisions that provide real financial Sometimes, even the simplest
sources (sensors, equipment, etc.) Smart buildings can tap into many to the software so they can view the Management System that then con- savings, in both energy and space benefits. It’s not hype. Plus, prop- features bring a great benefit, for
and adjust the appropriate building information sources including: data themselves. nects to energy management soft- utilisation are huge. tech offers a jumping-off point for example, does filling in a paper
systems or equipment accordingly • weather satellites (to read ware and can optimize and control the addition of other technologies, form belong at the reception of a
with no manual inputs required. This weather data). Software systems that monitor the the building using the data received such as artificial intelligence and 21st century office? One of our most
is nothing new in itself; take a tem- • externally mounted weather status of equipment (including from the sensors and monitoring blockchain. popular apps is our parking tech:
perature thermostat, sprinkler/fire stations (that read wind, tem- HVAC, elevators, valves, pumps, equipment. with this app, people can check how
system or lighting sensors. However, perature, sun, rain, snow and bearings, hydraulic components, Spaceti is a PropTech leader with an all-in- many parking spots are available
one solution that combines sensors, data
until recently this was performed humidity levels). boilers, fire systems, cranes, IoT sensors can communicate over analytics, and a mobile app that saves own-
on their mobile phones. Opening
at a fairly basic and unintegrated • externally located sensors that etc.) can support preventative or very long distances using low ener- ers and tenants building management costs the turnstiles by phone is popular,
level. Modern sensors and systems read dust, Volatile Organic Com- pre-emptive maintenance and in- gy and bit rates. What does this re- and enhances the satisfaction, productivity, as well as reporting malfunctions
connected to the Internet of Things pounds (VOC’s) and smog levels. form building managers in advance ally mean though? For one it means and wellbeing of the people inside. and checking the lunch specials.
Founded 2016 in Prague with offices in Lon-
(IoT) allow seamless communica- • internally mounted sensors that when servicing, repairs or replace- equipment and sensors can com- don, Stockholm, Berlin, and New York. Currently even temperature man-
tion between key equipment and read temperature, humidity, CO2 ment parts are required. This will municate with Building Management spaceti.com agement is still a big issue in most
systems within buildings. levels (ppm) etc. play a huge role in reducing equip- Systems in ways that were previous- buildings so, I am convinced that
• historical data (to determine the ment and system down times. ly impossible. It can even go as deep huge developments are still ahead
There are major inefficiencies with typical temperature and weath- as monitoring how long a truck was of us.
systems that do not support such er patterns for the time of year). Existing Buildings docked, and how the open dock
interconnectivity. A building needs • real time building occupancy With existing buildings that are per- door affected the temperature in Sharry Europe is a PropTech company
providing comprehensive software solutions
to function as a single interconnect- data haps falling behind from a technol- the warehouse, etc. At busy ware- for premium office buildings. They have a
$51.44
ed brain in order to reach optimum • natural air recuperation from ogy standpoint, many of the latest houses truck dock availability can mission to make buildings more friendly and
efficiency levels and ultimately the shadow side of the building systems can be retrofitted and offer be automated through communica- property operation more flexible.
eradicate downtimes across the some of the same types of control, tion with drivers’smartphones. The sharryeurope.com
board. There are myriad examples monitoring and comfort as new historical data can then be used to
where technology can dramatically
improve the current status quo;
let’s take the optimisation of energy
buildings. Within industrial proper-
ties we are able to upgrade existing
technologies to enable benefits
improve operational efficiencies.
Compro Solutions provides complete instal-
Billion
Smart Buildings market by 2023
lation of technologies for existing and new
consumption and air quality in build- in terms of energy monitoring and commercial buildings; including industrial,
ings for instance. Non-domestic building control systems. Further- hotels, offices and retail buildings. We spe-
buildings produce between 10% more, we are able to perform ther- cialize in next-generation building control
and 15% of total carbon emissions. mal studies and carry out improve- and monitoring systems.
www.compro.tech
Smart buildings can reduce those ments to the building envelope.
emissions by 15% to 25%. This is a An example of this is the Schenker
clear cost-saving benefit for build- warehouse building located at
ings owners, their shareholders, CTPark Bor. We installed sensors
public-sector property portfolios throughout the building at different
and taxpayers. heights to monitor the temperature
20 21CTPark Network: Portfolio Update
CTPark Locations
CTP local offices
Iłowa
SLOVAKIA (SELECTED PROJECTS) WITH 680,000 M2 CURRENTLY UNDER
CONSTRUCTION, THE CTPARK NETWORK
Poland UNDER NUMBER OF
PROJECT CONSTRUCTION (m2) PROJECTS
Opole CTPark Trnava 30,000 2
Teplice
CTPark Nitra 13,000 1
Česká Lípa
CTPark Hlolovec 5,000 1
continues to grow with the success of our clients in the region. With
Germany Mladá Boleslav Total 48,000 4
over 90 locations, and a sufficient land bank to accomodate client
Katowice
Žatec extensions and new investors, the CTPark Network enables our clients
Cheb Prague Kvasiny to grow anywhere in the region. CEE is a cost-effective growth region
Bor Plzeň Ostrava with excellent access to the major markets in the west. All projects are
Lviv developed with the latest in sustainability technology and principals
Humpolec
Czech Republic Nošovice for the benefit of both clients and local communities. Contact our
Jihlava
Brno
Hranice representative in the region you're interested in to find out what
Ukraine specific locations best fit your business needs.
České Prešov
Budějovice Žilina
Slovakia Košice Czech Republic Romania
Aš Arad
Trnava Nitra Blatnice Arad II
CZECH REPUBLIC (SELECTED PROJECTS) Blučina Bucharest
Bor Bucharest Chitila
UNDER NUMBER OF Bratislava Brno Bucharest West
PROJECT CONSTRUCTION (m2) PROJECTS
Brno South Bucharest North
CTPark Ostrava 122,500 4 Cerhovice Cluj
Austria České Budějovice Deva
CTPark Cheb 34,000 1
Budapest Moldova Česká Lípa Deva II
CTPark Stříbro 33,000 1 Győr České Velenice Ineu
Tatabánya
CTPark Bor 32,500 1
Cheb Pitești
Székesfehérvár Hungary Divišov Salonta
CTPark Žatec 31,000 2 Hlubočky Sibiu
CTPark Blatnice 27,500 1 Ineu Holubice Timișoara
Cluj Hradec Králové Timișoara II
CTPark Plzeň 21,000 4 Salonta Hranice Turda
CTPark Prague West 18,500 1 Hrušky
Turda Humpolec Hungary
CTPark Most 11,500 1 Humpolec II Arrabona
CTPark Kadaň 9,000 1 Slovenia Jihlava Budapest East
Kadaň Budapest South
CTPark Prague North 8,500 1 Ljubljana
Arad Romania Karviná Budapest West
CTPark Česká Lípa 8,000 1 Deva Kralupy nad Vltavou Győr
Kutná Hora Kecskemét
Total 357,000 19 Kvasiny Komárom
Croatia Timișoara Sibiu
ROMANIA (SELECTED PROJECTS) Liberec Székesfehérvár
HUNGARY (SELECTED PROJECTS)
Novi Sad UNDER NUMBER OF Lipník nad Bečvou Tatabánya
PROJECT CONSTRUCTION (m2) PROJECTS Louny
UNDER NUMBER OF Lysá nad Labem Slovakia
PROJECT Italy
CONSTRUCTION (m2) PROJECTS Serbia CTPark Bucharest 72,800 2
SERBIA Mladá Boleslav Bratislava
CTPark Budapest West 32,000 1 Pitești CTPark Bucharest West 48,000 3 Mladá Boleslav II Hlohovec
UNDER NUMBER OF Modřice Košice
CTPark Budapest South 23,000 1 PROJECT Belgrade
CONSTRUCTION (m2) PROJECTS CTPark Cluj II 29,000 1
Most Krásno nad Kysucou
CTPark Budapest East 20,000 1 CTPark Belgrade West 14,000 1 CTPark Sibiu 12,400 1 Nošovice Nitra
Nový Jičín Nové Mesto nad Váhom
CTPark Arrabona 9,000 1 CTPark Novi Sad 23,000 1
Bosnia and Bucharest
CTPark Pitești 6,000 1
Okříšky Prešov
Total 83,000 4 Total 37,000 2 Herzegovina Total 168,200 8 Ostrava Trnava
Ostrava Poruba Voderady
Pardubice II Žilina
Planá nad Lužnicí
BUSINESS DEVELOPMENT REPRESENTATIVES
Plzeň Poland
Podbořany Iłowa
Pohořelice Opole
Prague Airport
Prague East Slovenia
CZ, SK, CEE CZ, PL, RS, SI, UA CZ SK HU RO RO PL RS
Prague North Ljubljana Airport
Bert Hesselink Hendrik Jung Vojtěch Peřka Veronika Ácsová David Huszlicska Radu Ciobanu Daniel Paraschiv Maciej Krzyzak Vlatko Djuriček Prague West
Group Business Director of Key Business Developer, Business Developer, Senior Business Developer, Business Developer, Business Developer, Business Developer, Country Head, Přeštice Ukraine
Development Director Accounts Moravia Slovakia Hungary Bucharest Transylvania Poland Serbia Stříbro Lviv
bert.hesselink@ctp.eu hendrik.jung@ctp.eu vojtech.perka@ctp.eu veronika.acsova@ctp.eu david.huszlicska@ctp.eu radu.ciobanu@ctp.eu daniel.paraschiv@ctp.eu maciej.krzyzak@ctp.eu vlatko.djuricek@ctp.eu Teplice
Teplice II Serbia
Ústí nad Labem Belgrade West
Zákupy Belgrade North
Žatec Novi Sad
Žatec II
CZ CZ CZ HU RO
Jakub Kodr Daniel Čermák David Chládek Istvan Pozderka Andrei Koszti
Senior Business Developer, Business Developer, Regional Development Senior Business Developer, Business Developer,
Bohemia Prague Director, Moravia Hungary Bucharest
jakub.kodr@ctp.eu daniel.cermak@ctp.eu david.chladek@ctp.eu istvan.pozderka@ctp.eu andrei.koszti@ctp.eu
22 23CTPark Network: Portfolio Update
The Czech Republic Over the past 6 months, we continued
handing over completed projects and
city of Prague and includes a restaurant
and a gas station on-site.
Projects in Slovakia con- In Slovakia, we have developments under
way in Žilina, Trnava, Hlohovec and Nové
will enlarge its operations by more than
7,000 m2. In CTPark Hlohovec we plan to
contiues to attract for- began construction on a number of new Outside of Prague, North Bohemia, due to tinue at an excellent Mesto nad Váhom. finish a 5,000 m2 extension for Faure-
eign investors due to its ones due to continued demand across
the country. In Prague, we handed over
its location on the border with Germany,
has also been a focus for clients. We
pace due to ongoing CTP is glad to extend cooperation with
cia as well as a 4,000 m2 extension for
another automotive industry leader, TRW
strategic location with- new facilities at CTPark Prague North and have completed nearly 30,000 m2 of market stability and a our valued client TI Automotive, who will Automotive in CTPark Nové Mesto nad
began construction at CTPark Prague space which will be handed over in Q1 extend its production facilities in CTPark Váhom. And in Trnava, we have agreed
in Europe, highly skilled East. The park is strategically located at 2019, and we have another115,000 m2 in positive outlook for 2019. Krásno nad Kysucou. The development with a large retial client for 30,000 m2 of
labour, as well as the the junction of the major North-South D1 the pipeline for development over the of the 8,700 m2 production facility is set built-to-suit space which will incorporate
(E55) highway and the Prague ring road next year. to start in the first quarter of 2019 with 3 mezzanine levels, 2,000 m2 of green
diversity and resilience making the airport a short 20 minute another extension of 2,300 m2 in sight. roof area as well as a specialised 7t/m2
of its economy. drive away as well as the city centre. In North Moravia, we have been busy
completing space at Novy Jicin, and at
Among t CTP's Slovak activities there are
are many of the projects prepared for
floor load capacity. Expected completion
in Q4 2019.
CTP is in the process of a significant CTPark Lipník nad Bečvou we designed completion during Q1 2019. For Constel-
redesign of the site, with a goal for the a built-to -suit building for specialised lium 10,000 m2 are in development in
park to become the best place for high- food producer, Well Well Potraviny. CTPark Žilina. Expansion of the produc-
tech industries, R&D and retail compa- tion facility for Gefco in CTPark Trnava
nies in the wider Prague area. Due to increased interest in the Ostava
Zdeněk Apeltauer Stanislav Pagáč
area we have secured new land for a
Regional Development Regional Director, SK
Director, Bohemia We are currently constructing over second park supporting the develop- stanislav.pagac@ctp.eu
zdenek.apeltauer@ctp.eu 25,000 m2 of new space in 3 builidngs, ment of the city, CTPark Ostrava Poruba,
while at the same time improving the which is just off the major D1 highway
surrounding infrastructure to enable connecting Ostrava to points west, and
high visibility from the highway as well will offer an additional 90,000 m2 of de-
as improved accessibility. The site is also velopment potential.
linked by public transportation to the
CZECH REPUBLIC CIJ Awards Czech Republic 2018
Best Warehouse
Development & Developer: IN SLOVAKIA, TI AUTOMOTIVE SIGNED
THE CORE OF THE PORTFOLIO FOR A NEW FACTORY IN KRÁSNO,
Raben building at CTPark
Prague East
REMAINS STRONG EXTENDING OUR COOPERATION
SUSTAINABILITY
Energy Savings Comparison
LED
(Baseline: New CTP Building, CZ & SK)
New 446,000 m2
Refurb 192,000 m2
11%
BREEAM 1 bldg Outstanding Certified
6 bldgs Excellent Certified 0.49
5 bldgs Very Good Certified
3 bldgs Good Certified 0.44
3 bldgs Excellent In progress
6 bldgs Very Good In progress
ISO 14001, 50001
7%
0.29
0.27
David Chládek Štěpán Morkes
Regional Development Regional Development
OTHER NEW
OTHER NEW
Director, Director,
CTP NEW
CTP NEW
Moravia Northern Bohemia
david.chladek@ctp.eu stepan.morkes@ctp.eu
WAREHOUSE PRODUCTION
Energy Savings
Energy Expenditure per m2/ mo.
24 25CTPark Network: Portfolio Update
With three parks strate- In CTPark Budapest West, CTP is building
the next phase of the park: a 32,000 m2
Due to tenant relocations in CTPark
Budapest East we have approximately udapest and the surrounding area, with a
B
gically located around building with approximately 19,000 m2 23,500 m2 which became vacant at year population of over 1.74 million, is the country’s
Budapest, CTP can fulfull already booked by new tenants. Due to
a dearth of new, A-class facilities on the
end but we have new deals agreed for
14,000 m2 and are expecting to sign the
industrial and intellectual powerhouse. 85% of
modern logistics and warehouse facilities are
the needs for any client market, CTP believes we can find tenants remaining vacant space shortly. In Q1 located in Budapest and its agglomeration.
for the remaining space prior to cont- 2019, we plan to start developments of Key Investors: Continental, Ibiden, ThyssenKrupp
looking to access the struction finishing. In CTPark Budapest new space in CTPark Budapest East. In
capital. South we are moving forward with the Phase I, we plan on building 20,000 m2,
construction of our first building in this with a total of 80,000 m2 of build oppor-
location, a 22,000 m2 building. tunity in the future.
Dana Hungary (major Audi supplier) have
requested a 9,000 m2 extension to their
15,000 m2 facility which we recently built
in CTPark Arrabona in Győr.
Rudolf Nemes
Country Head, HU
rudolf.nemes@ctp.eu
MULTIPLE DEVELOPMENTS
UNDER CONSTRUCTION IN HUNGARY CTPARK BUDAPEST WEST
Total built up (m )
2
142,000
CTPARK BUDAPEST SOUTH
Total built up (m )
2
N/A
CTPARK BUDAPEST EAST
Total built up (m2) 92,300
Total build opportunity (m )
2
94,300 Total build opportunity (m )
2
58,700 Total build opportunity (m2) 78,500
Total land bank (ha) 56 Total land bank (ha) 13.5 Total land bank (ha) 38.5
SUSTAINABILITY
Energy Savings Comparison
ENERGY 20,000 m2
UPGRADES 84,000 EUR
(Baseline: New CTP Building, Hungary)
LED REFURB 58,000 m2
BREEAM 1 bldg Very Good Certified
11%
0.47
0.42
7%
CIJ Awards Hungary 2018
Best Land Transaction: 0.25
0.26
CTPark Budapest West
Best Warehouse Lease:
OTHER NEW
OTHER NEW
CTPark Székesfehérvár
CTP NEW
CTP NEW
Hungarian & Balkans Real Estate
Awards 2018
WAREHOUSE PRODUCTION
Warehouse Developer of the year
Energy Savings
Energy Expenditure per m2/ mo.
26 27CTPark Network: Portfolio Update
Projects in Romania con- We also recently acquired a new prop-
erty in the coveted northern area of
In Serbia, we have The development of the first phase of
25,600 m2 in CTPark Belgrade North is
Among the several acquisitions in
progress, CTP is in the midst of serious
tinued to grow, and with Bucharest, where we have the opportu- launched our first devel- in progress. Eventually the park will negotiations in central Serbia, where
the return of Ana Dumi- nity to build over 100,000 m2 of premium
industrial space. With this new location,
opment projects, and are offer over 64,000 m2 in the 15.3 hec-
tare site. The permitting process is in
we intend to purchase 5ha. of land. The
acquisition is in the finalization phase
trache as Country Head, we can now offer our services at almost CIJ Awards Romania 2018 soon to launch our 3rd progress with a goal to obtain permits together with the permitting process
every entry point to the capital. Best Warehouse Development: in mid 2019 so we can start offering the and client negotiation. Total surface of
they have been taken on CTPark Bucharest West park in the country. industrial spaces to the market as soon the new Serbian park is expected to be
with even greater vigour. Looking ahead, the prospects for Developer of the Year as possible. Currently we plan to start 21,500 m2.
continued growth in Romania remain construction of phase one in Q3 2019, The target for CTP Serbia is to reach
positive, particularly following a year Euro-Constructii Gala 2018 For CTPark Belgrade West, we recently with possible hand over to clients in Q4 more than 70,000 m2 of GLA at the end
when the Romanian real estate market Excellence in Business & Development obtained a building permit for our first 2019. Next year, in phase II we expect to of 2019 and to secure more land for new
Since last September, we have complet- set investment records. While there is 14,000 m2 facility, half of which is pre- develop another 39,000 m2. development in 2020.
ed two large buildings with a cumulative some expectation that investment and Europa Property SEE Real Estate leased, and there is high demand for the
area of 77,000 m2. Currently, we have business confidence may wane owing Awards 2018 rest of the warehouse space already. We At CTPark Novi Sad, we expect building
nearly 170,000 m2 under construction, at to global macro-economic pressures, Industrial Project of the Year expect to start construction in Q1 2019, permits in February 2019, which would
five parks around the country, including on a positive note, Romania still remains Warehouse Developer of the Year with handover planned in Q3 2019. allow us to increase the total leasable
specialty cross-dock facilities in Bucha- an investment destination due to the area to over 24,000 m2. Due to the park’s
Ana Dumitrache Vlatko Djuriček
rest West. All eight of the buildings will cost effectiveness of the Romanian work Romanian Real Estate Awards 2018 strategic location, we are in negotiations
Country Head, RO Country Head, RS
be delivered by the end of 2019. ana.dumitrache@ctp.eu force and investor friendly policies. Developer of the Year vlatko.djuricek@ctp.eu already with several potential clients
and expect start construction of the
new production facility and warehouse
in Q2 2019, with hand over to tenants in
Q4 2019.
LOOKING AHEAD, THE PROSPECTS CTP SERBIA TO REACH
FOR CONTINUED GROWTH IN ROMANIA MORE THAN 70,000 M GLA IN 2019
2
REMAIN POSITIVE
SUSTAINABILITY
Energy Savings Comparison Energy Savings Comparison
LED
(Baseline: New CTP Building, Romania) (Baseline: New CTP Building, Serbia)
New 250,000 m2
Refurb 96,000 m2
12% CIJ Awards SEE & Serbia 2018 12%
BREEAM 4 bldgs In progress
0.44 Best Land Transaction: 0.43
ISO 14001, 50001
CTPark Novi Sad (2nd place)
0.39 0.37
Best Warehouse/Logistics Developer
7% 8%
0.27 0.27
0.25 0.25
Valentin Rosu
Regional Development
OTHER NEW
OTHER NEW
OTHER NEW
OTHER NEW
Director
CTP NEW
CTP NEW
CTP NEW
CTP NEW
valentin.rosu@ctp.eu
WAREHOUSE PRODUCTION WAREHOUSE PRODUCTION
Energy Savings Energy Savings
Energy Expenditure per m2/ mo. Energy Expenditure per m2/ mo.
28 29You can also read
