CTP, as the largest listed owner, developer, and manager of logistics and industrial properties in Europe, is demonstrating pronounced growth dynamics in Germany. By the end of August 2026, over 200,000 square metres of space have been let nationwide. This represents an increase of 166 per cent compared to the same period last year and marks a new high for this period. Parallel to this high letting rate, CTP is accelerating the development of new commercial and industrial spaces.
Timo Hielscher, Managing Director of CTP Germany, places this development within the context of a comprehensive economic transformation process. He explains that the shift from energy- and labour-intensive industries towards new high-tech sectors, particularly in semiconductor production as well as energy and defence, is defining. Germany possesses the fiscal scope for large-scale investments, enabling the transformation of the economy and the development of new industries based on a strong industrial foundation. Mr Hielscher emphasises that projects such as the CTPark Mülheim support this modernisation by creating future-proof business ecosystems where companies can grow and cooperate.
Progress in the German project pipeline
The continued demand for space correlates with substantial progress in project development. CTP is realising new business parks and custom-built new constructions at various locations, thereby expanding its portfolio for industry, technology-oriented manufacturing, and research and development. At CTPark Mülheim, a former industrial site of 335,000 square metres is being transformed into a high-tech business park with over 140,000 square metres of lettable space. The focus here is on life sciences and advanced manufacturing. In September, construction began on a 20,000 square metre property for Siemens Energy for the storage and maintenance of special tools. Furthermore, construction is starting on a 12,000 square metre logistics property for Westenergie AG, which will house two business divisions from the metering sector there.
In Düsseldorf, demolition work has commenced on the site of the future CTPark Düsseldorf. This marks the beginning of the transformation of an approximately 830,000 square metre former industrial site in the Rath district. With a planned investment volume of over EUR 700 million, this represents CTP's largest project in Germany to date and the largest brownfield project in the company's history. A multi-user park with approximately 232,000 square metres of lettable space for industry, production, light industrial, and research and development is planned, with the first spaces expected to be ready for occupancy in 2030.
At CTPark Dresden Nord in Ottendorf-Okrilla, construction began after receiving the building permit. On the 78,000 square metre site, four buildings with a total of 16 flexibly divisible units and approximately 31,000 square metres of usable space are being created. These spaces are designed for light industrial, technology-oriented manufacturing, pre-assembly and final assembly, as well as production-related services. The proximity to the Dresden technology and semiconductor cluster offers potential for suppliers and partner companies. The first units are expected to be ready for occupancy in 2027. In CTPark Wuppertal, the brownfield revitalisation of an approximately 145,000 square metre former production site in the Varresbeck district is progressing. There, CTP is developing a modern business park with a total of approximately 85,000 square metres of usable space. The first construction phase comprises approximately 29,300 square metres of space, including about 25,800 square metres of hall space and 3,500 square metres of office and social areas. The offering is aimed at companies from the production, processing, and production-related services sectors. A total of seven new hall buildings are being constructed, while existing buildings are being refurbished. The site will be equipped with photovoltaics, a battery storage system (6.8 MW power, 15 MWh capacity), heat pumps, and charging infrastructure for electric vehicles. The completion of the first construction phase is planned for the end of 2026.
In Recklinghausen, CTP plans to develop a modern business park on an approximately 65,000 square metre former production site. On the former Ball Beverage Packaging site, approximately 33,000 square metres of flexibly usable commercial space for companies from the industrial, commercial, research, and production-related services sectors are to be created. The range of spaces, from units of approximately 300 square metres up to large-scale uses of around 6,500 square metres, is aimed at small and medium-sized enterprises as well as innovative growth businesses. The concept is complemented by modern office, social, and community areas. Construction for CTPark Recklinghausen is scheduled to start in early 2027, with the first construction phases expected to be completed in 2028.
Current letting successes
The recent letting successes underscore the sustained demand for space in CTP's German portfolio. At CTPark Rostock, a cruise ship manufacturer has leased 16,500 square metres of warehouse space. At CTPark Bremen, a logistics company is expanding its presence by an additional 9,300 square metres. At the recently completed CTPark Krefeld, an internationally active steel and technology group has leased 1,700 square metres, thus becoming the first tenant of the DGNB Gold certified park. The business park offers a total of 19,000 square metres of lettable space on an approximately 31,700 square metre plot.
