CTP ensures the sustainable remodelling of a 60,000 m² logistics park in Krefeld

The development of CTPark Krefeld on a largely derelict site will fulfil ambitious sustainability standards through the renovation and partial preservation of existing buildings

Caption: CTP focuses on sustainable property development to high standards. Copyright: CTP Deutschland.
 
CTP Deutschland, an owner, developer and manager of logistics, commercial and industrial property, announces plans to develop a modern, 60,771 m² logistics park through a partial redevelopment of an existing industrial estate in Krefeld West, North Rhine-Westphalia.

CTP will develop the modern urban business park CTPark Krefeld with 31,796 m² of new industrial and logistics space at this location, with construction scheduled to start in 2024. This will be followed by a 29,002 m2 conversion of the existing, currently let 15,708 m2 logistics hall and 2,149 m2 of office space. The formal planning application is due to be submitted in the first quarter of 2024, to coincide with the start of demolition work.

The new park, which meets CTP's ambitions in terms of green building certifications and energy efficiency standards, will be built to BREEAM 'Very Good' standard or better and will incorporate industry-leading technological and environmental specifications to minimise any negative impact on the environment. The building will be equipped with rooftop solar PV systems, enabling a fossil-free energy supply and reduced CO2 emissions during operation. The development site consists largely of brownfield land and includes the redevelopment of the existing buildings, some of which will be retained, helping to minimise the environmental impact of the new park.

By revitalising an underused site, the new park represents an important investment in the area and will help to build strong local communities. This is a key part of CTP's development strategy, which involves working closely with local communities to create opportunities for growth in partnership with customers. The plans for the new Krefeld Logistics Park have already received the support of the City of Krefeld. In addition to the industry-leading technological and environmental specifications planned for the new park, the site will also benefit from good transport links as it is located in close proximity to the busy St. Töniser Straße, which provides access to the A44 and A40 motorways and Krefeld city centre.

Timo Hielscher, Managing Director for Western and Eastern Germany at CTP, comments: "Our strategy as a portfolio holder is focussed on key metropolitan areas. This includes the federal state of North Rhine-Westphalia as a leading business location in Germany and in particular the city of Krefeld, which has developed into one of the strongest business centres in the region in recent years. We are delighted to be able to develop the location with CTP's extensive expertise and add it to our steadily growing portfolio."

"It is important for our city to remain competitive and develop sustainably at the same time. Maintaining and regularly updating our infrastructure and building stock is central to this. As a business location, we are therefore delighted about the general overhaul of the site on Töniser Strasse by CTP, who will be building a modern business park with state-of-the-art sustainability features here," says Eckart Preen, Head of Economic Affairs and KREFELD BUSINESS. "In view of the very positive experience with business parks in Uerdingen and Fichtenhain in recent years, I am convinced that the combination of hall and office space planned by CTP in the Krützpoort business park will also meet with high demand and ensure the establishment of new companies and jobs in Krefeld. That is why we at KREFELD BUSINESS are very happy to actively support this project."

In spring 2023, CTP announced an investment of 300 million euros in the coming years to expand its portfolio in Germany. The company aims to double the size of its Europe-wide network of business parks by the end of the decade.

CTP entered the German market in 2022 by acquiring Deutsche Industrie REIT-AG, which had a 1.6 million square metre portfolio across 3.9 million square metres, for around €800 million and delisting it from the stock exchange. CTP now has a team of 50 employees in three offices in Germany, 33,000 square metres of industrial and logistics space under development, including in Bremen, and a 155,000 square metre 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 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
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teamtosse - Agentur für Kommunikation | www.teamtosse.de
Dr Dennis Kalde | +49(0)89 414175290 | dennis.kalde@teamtosse.de
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