Saturday, 15 March 2025
CTP has announced the acquisition of an 830,000 sqm industrial site in Düsseldorf, North Rhine-Westphalia, for €155 million. The site, previously owned by Vallourec, a manufacturer of pipe systems, will be transformed into a €700 million next-generation urban business park.
This acquisition marks CTP’s largest single land purchase to date. The company plans to redevelop the inner-city site into CTPark Düsseldorf, a cutting-edge, multi-user business park catering to industries such as manufacturing, research and development, and logistics.
Aligned with CTP’s sustainability strategy, the project will prioritize resource-efficient redevelopment of brownfield sites. Germany is experiencing strong demand for high-quality, sustainable industrial and logistics spaces, driven by growth in sectors like semiconductors and clean-tech. To meet this demand, CTP focuses on revitalizing existing industrial sites to the highest sustainability standards, supporting occupiers’ ESG goals.
CTPark Düsseldorf will feature a variety of facility sizes, ranging from 1,000 sqm to 30,000 sqm, all designed to attract forward-thinking businesses that are driving Germany’s economic transformation.
“This acquisition in Düsseldorf is a highlight of our year and our largest revitalization project in Germany to date. It underscores our expertise in brownfield redevelopment and reflects our commitment to sustainable development,” said Alexander Hund, Managing Director Germany & Austria at CTP.
“The trusting collaboration with the City of Düsseldorf has been key, and we are excited to advance this project in 2025,” added Timo Hielscher, Managing Director M&A at CTP Germany.
The site, located in Düsseldorf’s Rath district, was previously one of Vallourec’s primary tube production facilities before its closure in late 2023. It is well-connected to major transport infrastructure:
• 300 meters from the A52 motorway,
• 4 km from the A44 and 9 km from the A3,
• 2 km from Düsseldorf Airport,
• 8 km from Düsseldorf city center.
This acquisition adds to CTP’s growing portfolio in North Rhine-Westphalia, which already includes sites in Wuppertal, Aachen, Krefeld, and Mülheim.
Planning for CTPark Düsseldorf is already underway, with the site acquisition scheduled to complete by 31 December 2025. Initial enabling work will begin the same year. This project follows CTP’s earlier acquisition of a 335,000 sqm site in Mülheim an der Ruhr from Vallourec in December 2023, where construction is set to commence next year.
By leveraging its Parkmaker Concept and international experience, CTP aims to deliver a world-class business park that combines innovation, sustainability, and connectivity, further strengthening its presence in the German industrial real estate market.
