White & Case Advises CTP on Largest Real Estate IPO in Europe Since 2014

Press Release
2 min read

Global law firm White & Case LLP advised CTP B.V. (CTP) on its initial public offering (IPO) and listing of its shares on Euronext Amsterdam – the largest real estate IPO in Europe since 2014.

"The White & Case team has advised CTP on this highly significant and successful strategic transaction," said Prague-based White & Case partner Petr Pánek, relationship partner for CTP. "We have a strong and enduring and relationship with CTP and we look forward to supporting the company as it continues to develop and grow."

CTP's IPO raised €854.2 million in gross proceeds, which will help accelerate its growth strategy by, among other measures, financing its development projects and construction activities, selective property acquisitions and debt repayment.

"This IPO is a transformational event for CTP and the deal was executed across a number of jurisdictions during extremely challenging times in Europe," said White & Case partner Laura Sizemore, who co-led the Firm's team alongside local partner Eva Svobodová. "It demonstrates the seamless way in which White & Case works across borders to advise clients on their most important, complex transactions."

CTP Group is the largest full-service owner-developer of prime industrial and logistics property in the Central & Eastern Europe region. At December 31, 2020 the group had a property portfolio of 6.342 million square metres of gross lettable area, with an occupancy rate of 94 percent, gross asset value of €5.9 billion for its entire property portfolio and of €5.1 billion for its income-producing assets.

The White & Case team that advised on the transaction was co-led by partner Laura Sizemore (London) and local partner Eva Svobodová (Prague), and included partners Petr Pánek, Václav Kubr (both Prague) and Inigo Esteve (London) and associates Bob Lehner, Alex Underwood (both London), Erik Illmann, Jan Vacula and Jakub Kopáček (all Prague). The team worked with De Brauw Blackstone Westbroek on Dutch law matters.

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