CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased approximately 40,000 sqm at CTPark Ostrava Hrušov in the Czech Republic to Vitesco Technologies, an international manufacturer of modern drive technologies and solutions for electrification.
Vitesco Technologies is a client of CTP, having operated a high-tech R&D centre nearby at CTPark Ostrava for the past 10 years.
Further, the manufacturer of modern drive technologies has now made its next step in the field of sustainable mobility and the transformation of the Czech automotive industry by signing a lease at CTPark Ostrava Hrušov for 36,100 sqm of warehouse space, a 1,500 sqm office and 2,300 sqm of sanitary space, located in the 74,000 sqm expansion of CTPark Ostrava Hrušov.
The expansion project will be completed by the end of 2024.
We are proud to have strengthened our partnership with Vitesco Technologies
This space will be used for a new €190m production plant with a fully automated logistics centre, which has involved CTP customising the space to its client’s requirements for a controlled production environment in laboratory space.
The main products of the new plant will be new parts for electric cars of the next generation.
The latest technology will be used by the plant, which will be able to boast a high level of robotisation and process automation.
The operation of the plant will begin at the end of 2024, employing 150 people with the aim of growing that number to reach the full capacity of over 1,000 employees by 2027.
After a decade of successful collaboration with CTP, we are looking forward to enhancing this relationship
CTPark Ostrava Hrušov is CTP’s newest park in the Ostrava region of the Czech Republic.
This regeneration of a former brownfield site is notable for its commitment to sustainability and the environment with CO2 neutrality being a priority.
Also, in-order to meet the ESG goals of both CTP and occupiers like Vitesco Technologies, sustainability measures were implemented such as, photovoltaic panels, heat pumps, EV chargers and water retention.
Ostrava has been a strategic region for CTP since 2004
Jakub Kodr, Head of Business Development, Czech Republic at CTP, said: “We are proud to have strengthened our partnership with Vitesco Technologies at CTPark Ostrava Hrušov, where we are delivering a special lab space to the client with a controlled environment for EV control unit production. Ostrava Hrušov is our newest park in the region and has revitalised the brownfield site of a former chemicals plant for the benefit of the local economy. Ostrava has been a strategic region for CTP since 2004, where we have provided facilities for 10,000 jobs, and Vitesco's new facility will bring further added value to the region. Just as we are committed to Ostrava, we are also committed to our tenants, whom we get to know well to ensure we collaborate and grow together. This deal demonstrates not only how we work with our clients but also how the automotive sector is driving industry in the CEE region, a trend that we only expect to gather strength as both automotive companies and Asian manufacturers shift car production to CEE countries due to the nearshoring trend."
Lukas Rosulek, Head of Country Vitesco Technologies Czech Republic, commented: “After a decade of successful collaboration with CTP, we are looking forward to enhancing this relationship through our latest venture at Ostrava Hrušov. Our new facility here will focus on advancing clean and innovative driving technologies. We are pleased to be based in a production center that shares our commitment to sustainability, while we cautiously navigate the challenges and opportunities of developing future-oriented drive technologies.