CTP was looking to buy P3's logistics park near Bucharest, owned by sovereign fund GIC, which has a leasable area of 380,000 sqm, according to economica.net, which reported on the deal.
“So, we decided not to go ahead with it. We see enough opportunities in terms of acquisitions across Europe. We continue to buy land. So, we always do also relative capital allocation where it doesn't make the most sense for us. In the end, with the restrictions here, it didn't make sense. So, we decide to prefer to invest in other opportunities,” said Maarten Otte, Head of Investor Relations & Capital Markets at CTP, according to a transcript of a meeting with analysts following the release of Q3 results.
The company confirmed its €0.86 – €0.88 Company specific adjusted EPRA EPS guidance for 2025, which, due to the intended acquisition in Romania not taking place, is now expected towards the lower end of the range, according to the Q3 report.
CTP is the largest owner and developer of industrial and logistics spaces in Romania, with a portfolio north of 3 million sqm.
