Laza Kovačević, Managing Director, CTP Serbia

CTP – the Biggest Developer of Industrial Real Estate in CEE

The biggest logistics park in Serbia, covering 135,000m², is currently being completed in New Belgrade, while an additional five construction sites will add another 144,000m² to this developer’s Serbian portfolio

Our parks are in prime locations and provide complete support, so our clients can devote themselves fully to their core business ~ explains Mr Kovačević, noting that every CTP building in Serbia is characterised as green, energy efficient and BREEAM certified.

You launched the construction of CTPark Belgrade City at the New Belgrade-Kvantaš location late last year. How are works advancing and how much have you progressed when it comes to leasing?

Our team on the ground, together with our works contractors, are really doing a wonderful job. We are extremely satisfied that everything is unfolding according to the plan and defined dynamics.

The uniqueness of this project is represented principally by its prime location, close to both the city centre and the airport, and the fact that it will be the largest logistics centre in Serbia upon completion. Our clients have also recognised this location’s potential, and we can thus boast of having already leased out almost 80% of the space. We expect the park to achieve full occupant capacity by the end of construction, by December.

You often emphasise that you never deviate from the “CTP gold standard”. What does this notion symbolise?

When CTP builds, it builds for itself, which means that when we build something, we build it according to the highest standards of quality so we can ensure it lasts. We don’t construct mere buildings, but rather sustainable business ecosystems of the future, which is why our buildings have an average lifespan of 40 years.

Our network of 1,000+ tenants has a retention rate of 92%, while 80% of our new business comes from our existing network of tenants

Everything that we deliver is implemented and controlled by our team in order for us to guarantee that it satisfies the CTP gold standard.

A whopping 80% of your new business comes from the existing network of tenants. What makes you such a good and desirable partner?

Our network of 1,000+ tenants has a retention rate of 92%, while 80% of our new business comes from our existing network of tenants. This means that, as they grow, we also grow. And they choose to grow with us because we are recognised as a partner that is fully committed to the needs of clients. Considering that our parks occupy prime locations and provide tenants with complete support – with a team of property managers on site, organised common areas, 24/7 security – our clients can devote themselves fully to their core business.

Do your existing capacities satisfy current demand or do you see room and opportunities for further expansion?

Apart from CTPark Belgrade City, we have active construction sites at five other locations with which we’re adding another 144,000m² to our portfolio. A good part of that area has been agreed for lease in advance, while we build a certain part of the space in locations where we see great potential, without an identified client. The reason for this kind of development strategy is reflected in the fact that we always want to be ready to handle requests from logistics companies and to have the possibility to offer them different locations. I would say that we’ve assessed the current demand well and that we’re continuing further development at both current and future locations.

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