CTP, the largest developer in the Czech Republic focused on the sustainable construction of industrial and logistics properties, acquired an industrial complex from Bluehouse Capital earlier this year on a plot of land with a total area of 330,000 sqm in the city district of Ostrava – Hrušov. In addition to the existing first phase of 18,000 sqm, which already has three tenants, the developer plans to build another 76,000 sqm of industrial-logistics space. The warehouse will be built in the revitalized area of the former chemical plants with a total area of 94,000 sqm and will become the largest in the Czech CTP portfolio.
The first phase of the warehouse, with an area of 18,000 sqm, has already been completed and leased out to tenants such as Prosperplast, Hyundai Steel and the logistics company LogFlex. In the first half of 2023, the developer will begin the construction of a separate part of the warehouse with a total area of 74,000 sqm, including the surrounding industrial park facilities typical for all developer projects, such as the necessary infrastructure, abundant greenery and electric vehicle chargers.
Ostrava is a strategic region for CTP, where it has been intensively developing its activities since 2004. Thanks to its parks, the developer has provided facilities for 10,000 jobs in the region. It already has two industrial parks there, CTPark Ostrava and CTPark Ostrava Poruba, as well as the premium office complex IQ Ostrava. In response to the growing interest of companies in the Ostrava region, CTP decided to purchase the revitalized Hrušov complex, located on the brownfield site of former chemical plants. By doing so, CTP continues to expand its park network to 57 locations across the Czech Republic.
The new CTPark Ostrava Hrušov will provide companies in the region with the necessary facilities and more space for the further growth of companies already operating in the region. The Park’s new concept also fits in with Ostrava’s urban plan, under which a new manufacturing and business district is to be built nearby.