Dutch logistics company CTP N.V. has entered into an agreement with FBH Group to acquire the Italian development company VLD S.r.l. for 241 million euros. This is reported in the CTP press release.
The deal aims to significantly increase the land bank (to 34.4 million square meters) and the opportunities for CTP growth through the acquisition of a strategic land area of 8.7 million square meters. located in prestigious areas of northern Italy (Milan, Bologna and Turin) and central Italy (near Rome and Florence).
The deal corresponds to the implementation of the CTP investment program in the amount of 1 billion euros in the Italian market for five years and strengthens the company's position as a dominant player in the European logistics real estate market after the acquisition of assets in Poland and Germany in 2020.
Upon completion of the transaction, VLD will be renamed CTP Italy, and a local company will be established to enter the Italian market. CTP, with a market capitalization of 8.43 billion euros, plans to increase its annual construction rate to 250-300 thousand square meters by 2027 for clients including ALS Luxury and CEVA Logistics.
The Italian market is the eleventh CTP presence market according to the strategy of creating a pan-European platform. Italy's status as a major industrial center corresponds to CTP's core customer base, which consists of tenants of manufacturing plants that make up almost half of the company's portfolio.
CTP N.V. is a Dutch logistics company for the management of logistics and industrial real estate facilities in Central and Eastern Europe. The headquarters is located in Amsterdam (the Netherlands). CTP N.V. is a subsidiary of CTP Holding B.V.
VLD S.r.l. is an Italian real estate development company with headquarters in Milan (Italy).
FBH Group S.p.A. is an Italian logistics company for supply chain management, warehousing and transportation of goods by road. The headquarters is located in Rome (Italy).
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