CTP enters the Italian market with a €1 billion investment plan, marking a significant milestone in its strategy to scale across Western Europe.
CTP N.V., Europe’s largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, is accelerating its growth by acquiring VLD S.r.l. (“VLD”) for €241 million. The transaction includes an extensive landbank in prime Italian locations, previously controlled by the FBH Group.
This strategic move supports CTP’s ambition to reach 30 million sqm of GLA by 2030, strengthening its development pipeline and enabling the company to better serve its more than 1,500 tenants.
CTP’s entry to the italian market marks the beginning of a planned €1 billion investment over the next five years, with several projects already underway and 200,000 sqm scheduled for completion in 2026 for major companies including ALS Luxury and CEVA Logistics, the provider for Daikin.
CTP enters Italian market and has access to 8.7 million sqm of land
The acquisition gives CTP immediate access to 8.7 million sqm of land. This landbank provides a strong pipeline of development opportunities primarily across northern and central Italy, reinforcing CTP’s position as Europe’s most active developer of modern, sustainable business parks.
CTP’s expansion into Italy leverages the country’s strong industrial base and its alignment with the Group’s expertise in serving manufacturing tenants—nearly 50% of CTP’s portfolio. The company already works with prominent Italian clients such as Brembo and UFI and sees growing demand for Grade A logistics space in Italy, where supply remains limited at around 0.5 sqm per capita, compared to over 1 sqm in most Western European markets.
“We plan to invest one billion Euros in Italian projects over the next five years. Italy has strong demand for modern, sustainable logistics space, yet remains undersupplied. As an integrated developer, operator, and long-term owner, CTP is well-positioned to unlock this potential. We target a yield on cost of around 8.5% to 9.5%, with 200,000 sqm planned for 2026 and 250,000–300,000 sqm annually from 2027. This is a key step toward our ambition of 30 million sqm of GLA by 2030”, explained Remon Vos, CTP’s CEO.
The new geographic footprint across Italy
CTP expects robust demand from manufacturers, SMEs, FMCG companies, 3PL operators, and multinational businesses expanding into Italy. The country offers strong fundamentals: a skilled workforce, prime logistics hubs, low vacancy rates, rising rents, and attractive yields.
The acquisition also expands CTP’s geographic footprint across Italy. The portfolio includes potential for 3.5 million sqm of GLA and two standing assets totaling 30,000 sqm.
- Northern Italy (71%) – Key hubs including Milan, Bologna, Turin, Lombardy, Emilia-Romagna, Piedmont, and Veneto
- Central Italy (25%) – Primarily Rome (Lazio) and Florence (Tuscany)
- Southern Italy (4%) – Concentrated around Bari, a major logistics hub
VLD will be renamed CTP Italy, and the company is building a local team led by Agostino Emanuele to accelerate development activities. This expansion marks CTP’s eleventh European market and strengthens its position as a pan-European platform.
