CTP acquires site in Mülheim an der Ruhr for major new high-tech business park

• CTP revitalises 335,000 sqm Vallourec site in North Rhine-Westphalia
• Full-service park with mixed-tenant utilisation concept suitable for a wide range of sectors such as research, development and industrial light
• Demolition work to begin in 2025, construction to start in 2026

Caption: The new CTPark in Mülheim is located in the centre of the Rhine-Ruhr metropolitan region, one of the largest conurbations in Europe, and close to the German economic centres of Düsseldorf, Duisburg, Dortmund and Essen. Copyright: CTP Germany.

CTP Deutschland, portfolio holder, project developer and manager of logistics, commercial and industrial properties, is developing a new high-tech business park in Mülheim an der Ruhr in North Rhine-Westphalia. A 335,000 m² site has been acquired for this purpose from the French multinational production company Vallourec, based in Meudon, France.

CTP will transform the brownfield site, which is currently used as an industrial rolling mill, into an innovative, modern business park that will offer more than 160,000 m² for research and development, laboratories, co-working, industrial and production space for companies in high-growth technology-orientated sectors such as life sciences and IT manufacturing. The space will also be specifically tailored to the needs of SMEs and larger companies. Construction work on the park is expected to begin in 2025.

CTP aims to create thriving business ecosystems where companies can collaborate and grow together to boost the local economy through job creation and encourage business start-ups. The new, sustainably designed park will feature CTP's unique Clubhouse concept, which offers a mix of leisure facilities for employees. These include restaurants, cafés, shops, spaces for sports, events, socialising, medical facilities and much more, all surrounded by attractive gardens and cycle paths. CTP believes that this will not only attract customers to the park, but also help them to attract and retain the best talent.

Earlier this year, the CTP Group announced plans to invest €300 million over the coming years to expand its portfolio in Germany, with the aim of doubling the size of its pan-European network of business parks by the end of the decade.

Across its European portfolio, CTP has seen strong demand from high-tech companies looking to take advantage of the continent's highly skilled labour force and stable business environment. Many international companies are also relocating the manufacture of high-tech products to Europe to be closer to their customers and reduce risk in the supply chain. New EU regulations such as the European Chips Act are also prompting companies to produce in the EU.

Marc Buchholz, Lord Mayor of Mülheim an der Ruhr, comments: "We are delighted about the plan to establish the new CT Park as an innovation project in the Ruhr region. This will create urgently needed commercial, research and development space in Mülheim for companies based in the region, but also for international players, with diverse and high-quality employment opportunities. Due to the outstanding university landscape and the unique industrial infrastructure in the region, the park has ideal conditions for its development and sustainable utilisation."

"The acquisition of this site in Mülheim reflects our vision to build and operate sustainable, future-proof business parks for a variety of fast-growing clients that are embedded in the local communities," says Timo Hielscher, Managing Director for West and East Germany at CTP. "We invest in building business ecosystems to help our customers succeed, accelerate local economic growth and contribute to broader socio-economic prosperity. Our new CTPark in Mülheim will be a shining example of a new environment that we have created from scratch, demonstrating how we invest in places to improve communities, local infrastructure and biodiversity. We look forward to moving forward with construction and unveiling more details about the park in the near future."

Sustainability is at the centre of the design of the new CTPark. Photovoltaic (PV) panels will enable a fossil-free energy supply during operation, and parts of the existing building will be retained during construction to reduce CO2 emissions. CTP is planning the park with a DGNB Gold rating from the German Sustainable Building Council.

The site is located in the centre of the Rhine-Ruhr metropolitan region, one of the largest conurbations in Europe, and close to the German economic centres of Düsseldorf, Duisburg, Dortmund and Essen. Links to the A1, A2, A3, A42 and A52 motorways are also within easy reach, providing quick access to these cities and other parts of Europe. Mülheim is also close to Belgium and the Netherlands and is well connected to the harbours of Amsterdam, Antwerp and Rotterdam.

CTP has been very active in Germany in recent months. In December 2023, the sustainable redevelopment of a 60,000 m² urban business park in Krefeld, as well as in North Rhine-Westphalia, was announced. Last summer, CTP announced plans to transform a 130,000 m² site in Wuppertal in western Germany into a new neighbourhood for research and development and a hotel.

CTP entered the German market in 2022 with the acquisition of Deutsche Industrie REIT-AG, which owned a 1.6 million square metre portfolio covering 3.9 million square metres, for around €800 million. CTP now has a team of 50 employees in three offices across Germany, 33,000 sqm of industrial and logistics space under development and a 155,000 sqm land bank.

About CTP Germany

CTP is Europe's largest listed owner, developer and manager of logistics and industrial real estate in terms of gross leasable area, with 11.2 million square metres of GLA in 10 countries as of 30 September 2023. CTP certifies all new buildings to BREEAM Very good or better and has been awarded a "Low-Risk" ESG rating by Sustainalytics, underlining its commitment to sustainability.

Further information can be found on CTP's corporate website: www.ctp.eu

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CTP Germany | www.ctp.eu/germany
Alexander Hund | +49(0)160 8192724 | alex.hund@ctp.eu
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