CTP Deutschland expands portfolio with Stuttgart industrial park and plans sustainable further development

• CTP acquires industrial and commercial property with approx. 64,000 square metres of gross floor area (GFA) from Mahle Behr GmbH & Co. KG as part of a sale and leaseback transaction
• CTP is developing the site into a sustainable industrial park designed for a wide range of users, including innovative production, research and development
• The project envisages a sustainable mix of refurbishment and new build to conserve resources and minimise environmental impact

Caption: The Stuttgart site acquired by CTP covers an area of approx. 39,000 square metres with a gross floor area of approx. 64,000 square metres. Source: CTP Germany.

CTP, Europe's largest listed developer, portfolio holder and manager of industrial and logistics properties by gross floor area (GFA), is expanding its German portfolio with around 39,000 square metres of industrial and commercial space in Stuttgart. CTP is acquiring this space as part of a sale-and-lease-back transaction with Mahle Behr GmbH & Co KG, Stuttgart, a subsidiary of automotive supplier Mahle GmbH. CTP plans to develop the urban industrial area in Stuttgart into a sustainable high-tech industrial park suitable for a wide range of users, including innovative production, research and development. The entire site is scheduled for completion in 2029.

Mahle Behr GmbH & Co KG currently uses the commercial space as a research and development site and plans to gradually relocate its operations to the company headquarters in Bad Cannstatt, also in Stuttgart. The property covers an area of approx. 39,000 square metres with a gross floor area of approx. 64,000 square metres. This includes approx. 30,000 square metres of office space, 9,000 square metres of warehouse space, 18,500 square metres of light production space and 6,500 square metres of other space.

Together with the City of Stuttgart, CTP is planning the sustainable transformation of the entire site and is developing various utilisation and architectural concepts in collaboration with renowned architectural firms. Discussions with the economic development agency are to be continued in order to develop attractive areas for existing companies as well as for new businesses. The business park will be aimed at a wide range of users, from companies in the fields of production, research and development to urban logistics service providers. There may also be co-working and co-living spaces. Due to the high complexity of the project, the gradual development of three areas is planned, each with different building types and types of use.

The site is located in the structurally strong urban area of Stuttgart-Feuerbach, where many well-known companies from the production and development sectors are based, and has excellent connections to the A81 motorway, the B10, B27 and B295 trunk roads as well as four S-Bahn and five U-Bahn lines. Stuttgart city centre can be reached in just a few minutes by car.

Alexander Hund, Managing Director Construction & Development at CTP Germany, comments: "The planned development of the inner-city business park in the high-tech location of Stuttgart is an outstanding project with which we are driving forward our vision of providing companies with space in dynamic economic regions for further growth. Through the targeted combination of new construction and, where possible, refurbishment, we are able to remodel the buildings in a resource-efficient manner and utilise existing structures and building materials, thereby reducing the impact of development on the climate and environment. The direct proximity to our CTP site in Stuttgart is also an advantage for the realisation of this extensive project."

The CTP park concept goes beyond the construction of individual buildings and aims to create future-oriented ecosystems that promote the community spirit of the people and companies at the site. The aim is to create integrated environments that not only meet the requirements of companies but also the needs of employees and harmonise with the surrounding communities. Accordingly, CTParks have a diverse infrastructure with a variety of building types, each reflecting different user requirements. The CTPark in Brno, the second largest city in the Czech Republic, is exemplary in its commitment to local communities and progressive urban development. The award-winning area for technology, research and development with a focus on biomedicine, engineering, cyber security and information technology is considered a flagship project that was developed in close cooperation with the local population and politicians.

With the acquisition of this latest site in Stuttgart, CTP is well on the way to realising its growth ambitions. At the beginning of 2023, CTP announced plans to invest 300 million euros in the expansion of its portfolio in Germany over the coming years. The company's goal is to double the size of its Europe-wide network of CTParks by the end of the decade. Among other things, CTP is focussing on the development of space in the high-tech segment, which is growing throughout Europe as part of re-, near- and friendshoring strategies. For further investments, CTP continues to look for strategically favourable sites on which similar projects can be developed. The company is currently realising a high-tech site on the former Vallourec site in Mülheim an der Ruhr, as well as in Wuppertal in North Rhine-Westphalia.

About CTP Germany

CTP is Europe's largest listed owner, developer and manager of logistics and industrial real estate in terms of gross lettable area, with over 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

Contact:
CTP Germany | www.ctp.eu/germany
Alexander Hund | +49(0)160 8192724 | alex.hund@ctp.eu
Schelmenwasenstraße 37 | 70567 Stuttgart
 
teamtosse - Agentur für Kommunikation | www.teamtosse.de
Dr Daniel Bambach | +49(0)89 414175290 | daniel.bambach@teamtosse.de
Kistlerhofstraße 70 | Building 88 | 81379 Munich