Warsaw, 8 March 2023 - Titanx Engine Cooling, a global supplier of cooling systems for commercial vehicle manufacturers, is ramping up its production and distribution capacity at CTPark Opole in the Silesian region of southwest Poland by leasing an additional 27,000 sqm of space. The new capacity will help meet strong demand from customers in its key German, Polish and Czech markets, within easy reach of this strategic location.
CTPark Opole, located in a tax-friendly Special Economic Zone (SEZ) between Katowice and Wroclaw, was CTP's first industrial and logistics development within its fast-growing Polish portfolio in 2018 and TitanX was one of the maiden tenants at the park, initially leasing 11,582 sqm. The company's footprint in Opole will now grow by 18,230 sqm with CTP starting construction of a new build-to-suit facility that is due to be delivered in October, and by a further 8,700 sqm following two additional lettings to the end of 2025.
Thanks to its SEZ status, CTPark Opole is able to offer tax incentives to companies opting to locate in this dynamic and expanding area, part of the largest industrial region within Central and Eastern Europe. The park is situated to the north-west of Opole, close to the northern ring road connecting to the A4 motorway which links the south of Poland to Germany and is 56 km from the Czech border.
Bogi Gabrovic, CFO at CTP Poland said:
Cedric Huslin, CEO TitanX added:
CTP is on track to develop more than 80,000 sqm of new space at CTPark Opole, to be delivered at the beginning of 2024, offering custom-tailored industrial and logistics units that meets the requirements of companies from a broad range of sectors. Current tenants include Raben, UFI Filters, International Automotive Components (IAC) and more recently ELSTEEL, one of the leading suppliers of low-voltage electrical enclosures which has selected the park for its Polish headquarters.
In line with CTP's high sustainability standards, CTPark Opole makes efficient use of energy, water, and other natural resources, with a view to minimizing the park's environmental impact. A Building Management System controls and monitors energy consumption, allowing tenants to optimize usage and reduce energy costs where possible. All buildings in CTP's portfolio are BREEAM-certified and have roofs prepared for the installation of photovoltaic systems to facilitate access to renewable energy sources.[Link]
CTP Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 10.5 million sqm of GLA across 10 countries as at 31 December 2022. CTP certifies all new buildings to BREEAM Very good or better and earned a 'Low-Risk' ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP's corporate website:
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CTP NV published this content on 08 March 2023 and is solely responsible for the information contained therein. Distributed by, unedited and unaltered, on 08 March 2023 06:06:04 UTC.