CTP explores Vietnam market opportunities in response to tenant demand and global nearshoring trends

CTP explores Vietnam market opportunities in response to tenant demand and global nearshoring trends

(IN BRIEF) CTP, Europe’s largest listed logistics and industrial real estate developer, confirmed it is assessing potential opportunities in Vietnam following increased demand from Asian tenants and the broader “China plus one” manufacturing strategy. With 13.5 million sqm of completed properties and over 26 million sqm of landbank in Europe, CTP is building on its successful expansion into new markets by exploring Vietnam as a hub for full-service business parks. The company noted Vietnam’s strong economic growth, skilled workforce, and attractiveness to foreign investors as key reasons for considering entry, while emphasizing that any expansion would be aligned with strict return requirements.

(PRESS RELEASE) AMSTERDAM, 1-Sept-2025 — /EuropaWire/ — CTP N.V., Europe’s largest listed developer, owner, and operator of industrial and logistics real estate by gross lettable area, has responded to recent market speculation regarding a possible entry into the Vietnamese market. The company confirmed that it is exploring opportunities in the country as part of its strategy to support global tenant demand and further diversify its portfolio.

CTP is the established market leader in Central and Eastern Europe (CEE), where it manages 13.5 million sqm of completed properties, with an additional 2 million sqm under construction and a landbank of more than 26 million sqm. Its organic growth model is strongly tenant-focused, with 85% of developments located in existing parks and two-thirds of leasing activity coming from current clients.

A growing share of CTP’s client base originates from Asia, representing roughly 20% of leasing activity over the past 18 months. This growth has been driven by nearshoring, as Asian manufacturers expand into Europe to mitigate tariffs and trade barriers while serving the world’s largest single consumer market, which accounts for 25% of global GDP.

Vietnam is increasingly benefiting from the same trend. Many international manufacturers are adopting a “China plus one” strategy, choosing Vietnam as their preferred production base outside of China. Responding to this demand—and to multiple requests from existing clients—CTP has begun evaluating the potential to establish full-service business parks in Vietnam, leveraging its in-house expertise and long-standing client relationships.

Maarten Otte, Head of Investor Relations and Capital Markets at CTP, said: “We are always attentive to opportunities beyond Europe when they align with tenant demand and our business model. Vietnam is one of the fastest-growing economies globally, with a decade-long GDP CAGR of 8.2% and strong prospects for continued growth. Its skilled workforce, stable political environment, and proven track record in attracting foreign investment make it an analogue to the CEE markets where CTP has successfully operated for many years. Any future move into Vietnam would be guided by our focus on strict return requirements and long-term sustainable value creation.”

About CTP
CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.5 million sqm of GLA across 10 countries as at 30 June 2025. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP’s corporate website: www.ctp.eu

Important notice about forward looking information
This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and business of CTP. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “targets”, “may”, “aims”, “likely”, “would”, “could”, “can have”, “will” or “should” or, in each case, their negative or other variations or comparable terminology. Forward-looking statements may and often do differ materially from actual results. As a result, undue influence should not be placed on any forward-looking statement.

Media Contacts:

ANALYST AND INVESTOR RELATIONS:
Maarten Otte, Head of Investor Relations and Capital Markets
Email: maarten.otte@ctp.eu
Mobile: +420 730 197 500

Pavel Švihálek, Funding and IR manager
E-mail: Pavel.Svihalek@ctp.eu
Mobile: +420 724 928 828

MEDIA RELATIONS:
SEC Newgate
James Carnegie
Mobile: +44 (0)7827 486 224
Email: CTP@SECNewgate.co.uk

SOURCE: CTP