The Group was established in the Czech Republic in 1998 and developed into a major industrial and logistics real estate owner-developer in the CEE region. The Company is a public limited liability holding company incorporated under the laws of the Netherlands. CTP is the indirect parent of all property-owning companies of the Group. The Group is majority owned and controlled by Mr. Remon Vos.

        On June 21, 2021, IFC invested €42.5 million in CTP’s first 8-year green Eurobond issued under its EMTN program (the IFC First Investment). The IFC First Investment represented 8.5% of the total issue size of €500 million.  The green Eurobond will be listed on the Euronext stock exchange in Dublin.

On September 27, 2021, IFC invested €58.0 million in CTP’s first 10-year green Eurobond issued under its EMTN program (the IFC Second Investment). The IFC Second Investment represented 11.6% of the total issue size of €500 million.  The green Eurobond will be listed on the Euronext stock exchange in Dublin.

On July 1, 2022, IFC invested the last tranche of €49.5 million out of the total €150 million in a tap issue under CTP’s exiting senior secured green Eurobonds maturing in September 2031 (the IFC Third Investment). The green Eurobond will be listed on the Euronext stock exchange in Dublin.      

      Romania and Serbia

    The Group is committed to implementing good corporate governance practices and continues to

adjust and further strengthen its internal governance framework in order to meet evolving. The corporate governance risks to development impacts are low.

 The proposed investment is expected to have limited environmental and social impacts, which will be site-specific with none anticipated to be significant. Further, the impacts can be avoided or mitigated by adhering to recognized performance standards, procedures, guidelines and design criteria as described in the following sections. Thus, this is a Category B project in accordance with IFC’s Policy on Environmental and Social Sustainability.

Key E&S risks and impacts associated with the project include: effectiveness of E&S management systems and the company’s capacity to undertake its operations in a manner that is consistent with IFC Performance Standards; land acquisition for the development of land bank; adherence to core labour standards and the effective implementation of the environmental, occupational health and safety (OHS) management plans during construction and operation; life and fire safety design and management of its properties; and stakeholder engagement.