AMSTERDAM–(BUSINESS WIRE)–Regulatory information:
CTP, Europe’s largest listed developer, proprietor and supervisor of commercial and logistics belongings by gross lettable space (GLA), has signed an settlement with Grammar (ETR:) Jifeng Automotive Seating CZ will construct a brand new, fashionable 21,000 m² manufacturing and testing warehouse at CTPark Cheb within the northwest of the Czech Republic.
Grammer Jifeng Automotive Seating CZ specializes within the manufacturing of inside elements for the automotive business, growing technologically superior merchandise for premium automotive manufacturers. The brand new facility at CTPark Cheb is anticipated to be operational by the tip of 2025. Grammer Jifeng Automotive Seating CZ represents the merger of Grammer AG and Ningbo Jifeng Auto Elements Co. Ltd., two leaders within the manufacturing of automotive inside elements. The brand new facility will construct on the prevailing presence of CTP’s two portfolio firms which collectively already lease over 72,000 m² of area at CTP parks within the Czech Republic.
CTPark Cheb is strategically situated near the German border. It’s ideally situated for companies within the automotive sector as a result of area’s industrial heritage and a workforce geared up with the suitable information. The park additionally advantages from direct motorway entry to Germany, accessible in 10 minutes, the place many multinational vehicle firms are situated.
Grammer Jifeng Automotive Seating CZ’s new manufacturing facility will function specialised laboratories, vibration rooms, testing amenities and storage areas, all with a give attention to excessive technological and environmental requirements, all inside a gorgeous landscaped park.
Carsten Winkelbach, Managing Director of Grammer Jifeng Automotive Seating CZ, stated:
“This cooperation with CTP permits us to additional develop our capabilities consistent with the rising calls for of our prospects. The situation of Cheb satisfied us with its strategic location near the German border, which ensures quick access to overseas markets and connections with suppliers and prospects. We very a lot admire the skilled strategy of the CTP, which all the time goals to adapt as a lot as doable to our wants. Via this venture, we’re capable of create as much as 433 new jobs, which may also assist the expansion of the area’s economic system.
Jakub Kodr, Head of Enterprise Growth within the Czech Republic, commented:
“Working with Grammer Jifeng Automotive Seating CZ has been gratifying from the beginning. Their determination to construct the brand new facility at CTPark Cheb was made fastidiously and concerned an in depth evaluation of the job market within the space. In the end, they’ve chosen the park for its strategic location, expert workforce and the strategy now we have taken to understanding their wants which can allow us to offer amenities tailor-made to their extremely customized necessities.
About CTP
CTP is the biggest publicly listed proprietor, developer and supervisor of logistics and industrial actual property in Europe when it comes to gross lettable space, proudly owning 12.6 million m² of GLA in 10 nations as of September 30, 2024. CTP certifies all new buildings in accordance with BREEAM Superb or higher and achieved a negligible danger ESG ranking by Sustainalytics, highlighting its dedication to being a sustainable enterprise. For extra data, go to the CTP institutional web site: www.ctp.eu
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CONTACT INFORMATION FOR ANALYST AND INVESTOR REQUESTS:
Maarten Otte, Head of Investor Relations
Cellular: +420 730 197 500
Electronic mail: maarten.otte@ctp.eu
CONTACT INFORMATION FOR MEDIA INQUIRIES:
Patryk Statkiewicz, head of group advertising and marketing and public relations
Cellular: +31 (0) 629 596 119
Electronic mail: patryk.statkiewicz@ctp.eu
SEC Newgate
James Carnegie
Cellular: +44 (0)7827 486 224
Electronic mail: CTP@SECNewgate.co.uk
Supply: CTP
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