CTP

Joint Bookrunner

Kempen & Co acted as Joint Bookrunner in the c. €947.9 million Initial Public Offering of CTP

Initial Public Offering on Euronext Amsterdam, issuing 67,709,723 new shares at a price of €14 per share, raising c. €947.9 million in gross proceeds (after exercise of the over-allotment option)
This transaction represents the largest IPO in European Real Estate since 2014
The offer was oversubscribed multiple times at the offer price with strong demand from institutional investors globally, including a significant proportion of high quality long-only accounts
Gross proceeds are intended to be used to accelerate CTP’s growth strategy by, amongst others, financing its development projects and construction activities, selective property acquisitions and debt repayment
Remon Vos will continue to be the company’s largest shareholder and hold approximately 83% of the shares, with the free-float amounting to 17%

CTP is the largest full-service owner-developer of prime industrial and logistics property in the CEE region and is among the largest logistics property companies in Europe based on GLA
The company focuses on the development and ownership of large multi-use industrial and logistics business parks in order to address the largest potential tenant base via a flexible offering
As of 31 December 2020, the company had a property portfolio of 6.3 square million metres of GLA with an occupancy rate of 94%, GAV of €5.9 billion for the entire property portfolio and of €5.1 billion for its income producing assets
CTP primarily operates in the Czech Republic and also in Romania, Hungary, Slovakia, Serbia and Poland

Kempen & Co has been involved as Global Coordinator / Bookrunner in the four largest European Logistics Real Estate ECM transactions of Q1 2021
Kempen has advised on Real Estate transactions in 13 different countries in Europe since 2017
This transaction underpins our leading position in European Real Estate ECM since 2011 as well as our #1 position in European Real Estate IPOs since 2011