Starting signal for CTPark Düsseldorf: CTP develops largest brownfield project to date

CTP, Europe’s largest listed owner, developer and portfolio holder of logistics and industrial real estate, is developing its largest project in Germany to date with CTPark Düsseldorf, North Rhine-Westphalia. It is also the company’s largest revitalization project in Europe. CTP is acquiring a site of over 830,000 square meters near Düsseldorf city centre from one of the world’s leading manufacturers of tube systems, Vallourec. This is the second joint transaction – in December 2023, CTP had already acquired a 335,000 sqm site in Mülheim an der Ruhr, also in North Rhine-Westphalia, for revitalization from Vallourec.

The purchase price is EUR 155 million. With a planned total investment of over 700 million euros, the developer plans to create a modern multi-user park for a broad target group from industry and production, light industry and research and development, supplemented by accompanying office space and boarding house concepts. The user group also includes companies from the high-tech segment such as chip manufacturers. In addition, a partial sale to municipal companies, including Rheinbahn, is planned.

The project is in line with CTP’s strategy of developing land as resource-efficiently and sustainably as possible. To this end, the developer primarily uses brownfield sites to construct properties that meet both modern customer needs and the latest ESG requirements. Particular examples of this are projects in Mülheim an der Ruhr, Wuppertal and Bremen. For the latter, CTP received the Brownfield24 Award in the Best Brownfield Project (Logistics) category in May 2024. The construction of CTPark Düsseldorf involves the complete demolition of all existing buildings. Only individual listed buildings will be retained and integrated into the new commercial, urban development concept.

“The acquisition of the project in Düsseldorf marks the highlight of our activities this year. It will be the largest and most extensive revitalization project in Germany to date. Our Parkmaker concept and our decades of international experience are laying the foundations for this,” comments Alexander Hund, Managing Director Germany & Austria at CTP. “Many new and innovative sectors are currently emerging on the German market, such as the semiconductor industry, as well as economic sectors related to solutions for a fossil-free energy supply. In addition, real estate users are increasingly demanding sustainable buildings in order to meet their own ESG goals. It is

precisely this demand for high-quality and sustainably developed industrial and logistics parks that we can meet.”

“We would like to thank the City of Düsseldorf and Vallourec for their trusting and constructive cooperation and look forward to the new year with great anticipation in order to push ahead with the development of CTPark Düsseldorf as quickly as possible. We are tackling this very special project and the associated challenges with great enthusiasm. We do not consider our acquisition plans in Germany to be complete with this transaction; on the contrary, we want to further expand our development pipeline with interesting projects,” adds Timo Hielscher, Managing Director M&A.

The site for the realization of the park is located in the north-east of Düsseldorf, in the Rath district, and has excellent connections to the local transport network. The A52 highway is only 300 meters away and can be reached directly from the property. The A44 and A3 are also just 4 km and 9 km from the property respectively. Düsseldorf Airport is 2 km away and the city center is 8 km away. In addition to sites in Wuppertal, Aachen, Krefeld and Mülheim an der Ruhr, this is the fifth industrial site that CTP has acquired in North Rhine-Westphalia. In 2024, the developer also secured space in the BrainergyPark in Jülich, where CTP is building a high-tech production facility of around 20,000 sqm for the Taiwanese company Quanta Computer.

Planning for the CTPark Düsseldorf has already begun and the takeover of the land is planned for 31.12.2024. The development is scheduled for the next few years.