CTP has entered the Italian market with a long-term plan to deploy €1 billion over the next five years, marking one of its most significant Western European expansions to date. The company, Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, announced that its entry comes through the €241 million acquisition of VLD S.r.l., a development company previously controlled by FBH Group and holding a major landbank in strategic locations across the country.
The deal gives CTP an 8.7 million-square-meter landbank, including 1.7 million square meters of owned land, 2.7 million square meters under contract pending zoning, and 4.3 million square meters under option. This immediately positions the Group to begin building a national platform concentrated in northern and central Italy while also extending into key southern logistics hubs. Two standing assets totaling 30,000 square meters are also included in the acquisition.
CTP plans to deliver 200,000 square meters of GLA to clients in 2026, including ALS Luxury and logistics provider CEVA, followed by an annual output of 250,000 to 300,000 square meters from 2027 onward. Italy’s industrial strength, growing demand for Grade A logistics facilities, and favorable yield profile make it a compelling market for the company’s integrated developer-landlord model. CTP also expects strong traction from manufacturers, consumer goods companies, SME occupiers, and multinational businesses looking to expand capacity in the country.
The Italian expansion follows a period of substantial momentum for CTP, which has more than doubled its total GLA since 2020 and now operates across 10 countries. With the addition of Italy as its eleventh market, the Group’s overall landbank rises to 34.4 million square meters, further consolidating its position as Europe’s largest logistics and industrial landholder. VLD will be rebranded as CTP Italy, with a new locally based team being formed under the leadership of Agostino Emanuele.
CTP’s growing presence in Europe benefits from its proximity to established markets and its strong track record in supporting manufacturing clients, which account for nearly half of its existing portfolio. Italy’s limited supply of modern logistics space, rising rents, low vacancies, and its strategic geographic position further reinforce the long-term potential of the company’s business park model.
KEY QUOTES:
“We continue to expand into Western Europe in line with our business plan and plan to invest one billion Euros into Italian projects over the next five years. We see great potential in Italy where demand for modern and sustainable logistics space is growing, yet the market remains relatively undersupplied. As a fully integrated developer, operator, and long-term owner, CTP is uniquely placed to tap into this opportunity, providing our clients with state-of-the-art business parks tailored to their needs with an end-to-end real estate service.”
“The Italian market offers an attractive return profile with a yield on cost target around 8.5%-9.5%. For 2026, we already plan to deliver around 200,000 sqm of GLA, ramping up to 250,000 sqm to 300,000 sqm annually from 2027. This is one of the key steps towards achieving our ambition of 30 million sqm of GLA by 2030.”
Remon Vos, CEO at CTP
