Wednesday, 5 February 2025
Home CTP Acquires Major Brownfield Site in Germany for €700M State-of-the-art Business Park Development

The following content is a news release distributed by . The original news release may be found here.

CTP Acquires Major Brownfield Site in Germany for €700M State-of-the-art Business Park Development

AMSTERDAM--(BUSINESS WIRE)--Regulatory News: CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has agreed a €155 million deal to acquire an industrial site spanning over 830,000 sqm in Düsseldorf, North Rhine-Westphalia, from Vallourec, a manufacturer of pipe systems. The acquisition, which is the largest single land plot CTP has ever acquired, will see CTP invest over €700 million to transform the inner-city site int...

Read the full news release here

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