CTP Will Build Serbia's Largest Logistics Park in Belgrade

The company acquires 27.5 hectares of land to develop CTPark Belgrade Centre, a 130,000 m2 logistics and technology facility. Tehnomanija has already pre-leased 50,000 m2 in the new park.

CTP, top five European industrial property developer, has completed the acquisition of 27.5 hectares of land close to Belgrade city center and is moving plans forward to develop CTPark Belgrade Centre, which will become Serbia’s largest logistics and technology facility to date with over 130,000 m2 of gross lettable area. The new CTPark will be strategically located 6 km from Belgrade’s city center, 2 km from New Belgrade, and 5 km from Airport Belgrade.

Vlatko Djuricek, CTP’s Country Head, who secured the deal and lead the business discussions, confirms that situation on the Serbian market is similar to other CEE markets where logistics stock is significantly lower than in West, creating short supply of warehouse and other industrial space.

– Logistics property is in massive demand due to booming e-commerce and there is an under supply of available space on the Serbian market. Over 80% of CTP's new business is done with our existing 700 clients and several of those are now ready to expand. CTP Belgrade Centre will be constructed in two years, but 40% of the space is already pre-leased to our tenant Tehnomanija.

Tehnomanija, a leading retail and e-commerce consumer electronics chain and CTP’s long-term tenant at CTPark Belgrade North (currently largest logistics park in Serbia), has preleased 50,000 m2 in the new park, with CTP starting the construction next year and a handover set for Q1 2023.

Kveta Vojtova, CTP’s Head of M&A and Transactional Legal lead the complex M&A negotiation process and Oliver Oros, CTP’s Head of Leasing Legal along with Vlatko Djuricek lead the negotiation of the lease.

CTP is the Serbian logistics property market leader with five logistics and industrial parks in total size of 355 thousand m2 of leasable space.

CTP invest d.o.o. Beograd

Tehnomanija doo Beograd

CTP

Tehnomanija Vlatko Đuriček

Kveta Vojtova

Oliver Oros

CTPark Belgrade

CTP Center Belgrade

construction of CTPark Belgrade

logistics facility

technological facility