CTP sets ambitious 30mln m2 GLA target by 2030

European logistics owner and developer CTP has announced an ambitious mid-term goal: increasing its GLA to 30 mln m2 by 2030.

CTP logistics

The company's growth strategy highlights its expansion from one country in 2014 to ten today, driven by tenant demand and strategic capital allocation. CTP's strong return on equity, stemming from a high Yield on Cost (YoC) spread over capital costs, enables organic growth of 10-15% annually. This growth primarily occurs within existing CTParks and leverages its in-house development expertise. CTP anticipates continued benefits from its leading position in CEE, its extensive 26 mln m2 landbank, and a growing presence in Germany.
Management also emphasized key performance drivers, including nearshoring trends to cost-effective CEE markets, robust e-commerce growth, and increasing domestic consumption in the region. The resurgence of the German economy and rising European defense spending present additional market opportunities.
CTP expects to deliver 1.3-1.6 mln m2 of GLA in 2025 and 1.4-1.7 mln m2 in 2026, targeting an 80-90% pre-let ratio. In H1 2025, leases increased by 11% year-over-year, with average rents up 5%, underscoring strong demand. The company reconfirms its FY-2025 Adjusted EPRA EPS target of €0.86-€0.88 (8-10% increase from FY-2024) and expects a return to double-digit EPS growth in 2026, as most debt repricing effects will be absorbed.
CTP aims for €1 bn in annual rental income by 2027 and has raised its 2030 GLA ambition to 30 mln m2, building on its growth from 5.9 mln m2 in 2020 to an estimated 15 mln m2 by end-2025.
CTP maintains its financial targets: an LTV of 40-45%, a Yield on Cost exceeding 10% with over 60% development profit, a Weighted Average Unexpired Lease Term (WAULT) above 6 years, and approximately 95% occupancy.
Remon Vos, CEO, said: “We have increased our medium-term ambition from 20 million to 30 million m2 GLA by the end of the decade, based on robust tenant demand driven by structural growth trends and our successful market entry into Germany and Poland. We will continue our growth path and aim to increase our market share in the business smart CEE region. We see opportunities to expand into new markets, following our tenants and leveraging CTP’s unique business model. The I&L sector continues to benefit from multiple structural demand drivers such as nearshoring with more regional production, in Europe for Europe and in Asia for Asia, rising domestic consumption, and strong e-commerce growth. We also see significant opportunities in Germany, connected with the re-invention of the German economy and increased defence spending.” 
CTP’s existing property portfolio totals 13.5 mln m2, 2.0 mln m2 of projects currently under construction, and a vast landbank of 26.1 mln m2.