White & Case advises CTP on entry into Italian market with €1 billion investment plan

Global law firm White & Case has advised CTP N.V. (CTP), Europe's largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, on the €241 million acquisition from FBH Group of VLD S.r.l., a development company holding a significant landbank in prime locations.

The acquisition supports CTP's objective of reaching 30 million square metres of gross lettable area by 2030. It also represents the launch of CTP's investment plan in Italy, where it intends to invest €1 billion over the next five years, offering a substantial pipeline of development opportunities primarily in northern and central Italy. The transaction comes during a period of strong expansion for CTP across Europe, where its business park model continues to gain market share.

The White & Case team that advised on the M&A aspects of the transaction included partners Giovanni Cirelli (Milan), Karel Petržela and Petr Pánek (both Prague), local partner Davide Cavazzana (Milan) and associates Camilla Zanetti (Milan) and Francesco Speciale (Milan). The team that advised on the finance aspects included partner Stefano Bellani (Milan), associate Marco Cattani (Milan) and lawyer Giorgio Hassan (Milan).

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