CTP’s €307 Million Acquisition of Amsterdam Logistic Cityhub

Dentons advised CTP on the deal, while DLA Piper advised Amsterdam Logistic Cityhub.

CTP, a developer and operator of logistics real estate, executed the acquisition of Amsterdam Logistic Cityhub. CTP will acquire the shares of Amsterdam Logistic Cityhub for a net amount of €307 million, the largest sum ever paid in the Netherlands for a single logistics asset. CTP has been listed on the Amsterdam stock exchange since March 2021.

The logistics park in the Westelijk Havengebied in Amsterdam comprises approximately 120,000 square meters of storage and distribution space and approximately 11,000 square meters of office space. The site also has its own quay of 180 meters and good access to the A10 motorway. According to CTP, the logistics park meets the demand for space near the city center for delivery of goods. Thanks to solar power and wind turbines, the site also provides for its own energy needs. Amsterdam Logistic Cityhub will be completed at the end of next year and is already partly let.

CTP is mainly active in Central and Eastern Europe. Around the IPO, Remon Vos, who set up the company in the Czech Republic, announced that the company was interested to enter the Dutch market. This year, the company set aside €300 million to invest in the Netherlands. The company already has projects near Rotterdam and Waalwijk.

Dentons’ legal team was led by partners Casper Haket (Picture) and Cornélie Arnouts, with support from Paul Wanders, Ines Van Dijk, Valentijn Leijh, Marcel Janssen, Joep Schreijer, Femke de Wolf, Bas van der Reep, Bas Legger, Sanne Jeurissen, Anida Zuko, BaÅŸak Küçük, Shivauhn Tets, Dieuwke Kist and Tom Brohm.

The DLA Piper team was led by Amsterdam-based partners Monique Laenen (Real Estate) and Jochem Beurskens (Corporate) with support from partner Hans-Mark Giezen (Real Estate), legal directors Sebastiaan Wijsman, Jean Paul Dresen (both Tax) and Stephanie Menz (FPR), senior associate Stefan Spaans (Corporate) and associates Axel Visschedijk, Marije Overwater, Ernst Haverkamp (all Real Estate) and Maurice Jeurissen (FPR).

Involved fees earner: Cornélie Arnouts – Dentons; Tom Brohm – Dentons; Femke de Wolf – Dentons; Casper Haket – Dentons; Marcel Janssen – Dentons; Sanne Jeurissen – Dentons; Dieuwke Kist – Dentons; Ba?ak Küçük – Dentons; Bas Legger – Dentons; Valentijn Leijh – Dentons; Joep Schreijer – Dentons; Shivauhn Tets – Dentons; Bas van der Reep – Dentons; Ines van Dijk – Dentons; Paul Wanders – Dentons; Anida Zuko – Dentons; Jochem Beurskens – DLA Piper; Jean Paul Dresen – DLA Piper; Hans Mark Giezen – DLA Piper; Ernst Haverkamp – DLA Piper; Maurice Jeurissen – DLA Piper; Monique Laenen – DLA Piper; Stephanie Menz – DLA Piper; Marije Overwater – DLA Piper; Stefan Spaans – DLA Piper; Axel Visschedijk – DLA Piper; Sebastiaan Wijsman – DLA Piper;

Law Firms: Dentons; DLA Piper;

Clients: Amsterdam Logistic Cityhub; CTP N.V.;

Federica Tiefenthaler

Author: Federica Tiefenthaler