CTP is expanding its Germany portfolio with the acquisition of approximately 39,000 sqm of industrial and commercial space close to the city of Stuttgart as part of a sale and leaseback transaction with Mahle Behr GmbH & Co. KG, Stuttgart, a subsidiary of the automotive supplier Mahle GmbH. CTP is planning to transform the urban industrial district in Stuttgart, Baden-Württemberg, into a sustainable high-tech industrial park, suitable for a wide range of users including innovative production, research and development.

Completion of the entire area is scheduled for 2029. Mahle Behr GmbH & Co. KG is currently using the industrial space as a research and development location and is planning to gradually move its operating areas to the company headquarters in Bad Cannstatt, also in Stuttgart.

The property size comprises around 39,000 sqm, with a total gross lettable area of around 64,000 sqm (GLA), of which around 30,000 sqm is office space, 9,000 sqm is storage space, 18,500 sqm is light manufacturing space and 6,500 sqm other areas. Together with the city of Stuttgart, CTP is planning a sustainable transformation of the entire area and is creating various usage and architectural concepts in collaboration with well-known architectural firms. Talks are to be continued with the business development agency in order to develop an attractive space for companies already based here, but also for new businesses. The industrial park will be aimed at a wide range of users, from companies specializing in production, research, and development, to service providers from the city?s logistics sector.

Co-working and co-living spaces will also be available. Due to the complexity of the project, a gradual development of the area is planned, each with different building types and types of use. The industrial park is based in an outstanding location in the economically and structurally strong Stuttgart-Feuerbach area, where many well-known organizations from the production and development sectors are located.

With excellent connections to the A81 federal motorway, the B10, B27, B295 federal roads and four S-Bahn trains - and five subway lines, Stuttgart city centre can be reached in just a few minutes by car. CTP?s park-concept goes beyond constructing standalone buildings, aiming to cultivate thriving ecosystems that foster community spirit. objective is to create integrated environments that serve not just the businesses within parks but also their employees and the surrounding localities.

CTParks boast a multifaceted infrastructure and a variety of building types, catering to diverse industry needs. CTPark Brno, situated in the Czech Republic?s second-largest city, serves as a prime example of engagement with urban development and local communities. It stands as an award-winning hub for tech, research, and development, with a specialized focus on biomedicine, engineering, cybersecurity, and information technology, all in close collaboration with the local community.