The initial public offering is expected to take place in the coming weeks, subject to market conditions and other relevant considerations, the company said.
The offer will be made to institutional investors and is expected to comprise a primary offering of newly issued shares raising approximately between EUR800 million and EUR1 billion of gross proceeds and an over-allotment option of secondary shares.
CTP said the listing would enable it to accelerate its growth strategy by financing the group’s development projects and construction activities, selective property acquisitions and debt repayment.
“We have a strong platform set for continued growth in Europe, and we are set to deliver continued sustainable growth, operating in the most attractive real estate sub segment. By listing on Euronext Amsterdam, we can build on the strong momentum we generated to date as we continue to expand, offering us access to a wider range of capital-raising options,” said Remon Vos, founder and CEO of CTP.
CTP has leading and growing market shares in Czech Republic, Romania, Hungary and Slovakia, the fastest growing developer in Serbia and is currently expanding in Austria, Poland and Bulgaria.
The group currently has approximately 1 million square meters under construction, of which 62% pre-let, to be delivered by end of 2021.