CTP kicks off Italian operations with first logistics project

European logistics park owner, developer and manager CTP has officially launched its Italian operations. 

Logistics

The company has begun construction on its first pre-let building in Castel San Giovanni (Piacenza), following its acquisition of VLD and a commitment to invest €1 bn in Italy over the next five years.
The new logistics hub will cover a built-up area of 75,000 m². Phase 1, totalling 55,000 m², is already pre-let and is expected to be completed by Q3 2026. An additional 20,000 m² is planned for Phase 2, set for completion by Q4 2026. 
The facility will feature CTP's signature energy-efficient and sustainable design, including green certifications, rooftop solar panels, electric vehicle charging stations, and extensive green spaces.
This project is part of CTP's broader strategy for Northern Italy, which accounts for 69% of its development potential, with Emilia-Romagna making up 18% of the recently acquired land. 
Overall, CTP's Italian landbank has the potential to develop 3.3 million m² of gross lettable area, in addition to two existing assets totalling 30,000 m². Future developments are also planned for Central (27%) and Southern Italy (4%).
Agostino Emanuele, managing director of CTP Italy, said: “We are delighted to see our entry into Italy realised with this milestone. With the laying of the first pillar, we celebrate a tangible step forward for CTP in the country — delivering modern, sustainable infrastructure to the region.”