Amsterdam – 25 March 2021 – Euronext today congratulates CTP, a leading vertically integrated European logistics property owner-developer, on its listing on Euronext Amsterdam (ticker code: CTPNV).
The listing of CTP marks a new phase in the company’s growth strategy. The Dutch based company is a top five player in the industry, holding over 5.9 million m² of logistics space across eight countries in Central and Eastern Europe. In 2020 the company successfully accessed the investment grade debt markets by issuing green bonds. The proceeds of the listing will be used to fund development activities, property acquisitions and debt repayments.
CTP was listed through the admission of 397,017,000 shares, with the issue price set at €14.00 per share. The company’s market capitalisation was €5.6 billion on the day of listing.
Remon Vos, Founder & CEO of CTP, said: “CTP’s listing is the next step in an incredible journey. We are proud to take this step here in the Netherlands, back to where my roots are, and where Euronext’s position as a leading European stock exchange allows us to attract international investors that want to become part of our growth story. The strong response we received from investors to date strengthens us in our confidence that CTP’s vision perfectly fits the future trends in the global logistics and industrial real estate sector. We have a strong platform to expand our European footprint, and we are set to deliver continued sustainable growth, operating in the most attractive real estate sub-segment.”
Caption: Remon Vos, Founder and CEO of CTP, sounded the gong this morning to celebrate the Initial Public Offering of CTP. He was joined on stage by CTP’s deputy CEO and Group CFO Richard Wilkinson, together with Simone Huis in ‘t Veld (CEO Euronext Amsterdam), Jan-Evert Post (CTP’s Head of Funding & Investor Relations) and René van Vlerken (Head of Listings Euronext Amsterdam).
About CTP CTP is a top five industrial property manager and developer in Europe and the largest in the EEC, holding over 6.3 million m² of logistics space across eight countries. The company plans to expand its portfolio over 10 million m² by 2023. With its entire portfolio BREEAM certified, CTP claims the position of the most sustainable developer in the region and is on track to reach carbon neutrality in 2021.