Monday, 27 April 2026
CTP has agreed a 15-year lease extension with Walz GmbH for approximately 46,000 sqm at CTPark Bad Waldsee in southern Germany.
The agreement covers a single-tenant property at Steinstraße 28 in the Ravensburg district, where Walz occupies a combination of office, warehouse and logistics space. The asset comprises 45,650 sqm of lettable area on a plot of around 79,000 sqm.
As part of the extension, CTP plans to carry out selected modernisation works at the site, aimed at maintaining operational standards and supporting longer-term building performance.
The transaction reflects the continuation of an existing tenant relationship. According to the company, 71 percent of leases signed in 2025 were agreed with existing tenants, alongside an overall client retention rate of 81 percent.
Sandra Kraus, Leasing Director for Germany at CTP, said: “The continuation of our partnership with Walz sends a strong signal about the attractiveness of our Bad Waldsee location. Long-term lease agreements like this highlight the importance of reliable space solutions and close collaboration for the sustainable success of our customers. At the same time, it confirms the continued strong demand for modern logistics and industrial space in Germany.”
Timo Hielscher, Managing Director at CTP Germany, added: “Long-term and successful partnerships like the one we have with Versandhaus Walz provide an excellent foundation for collaboration between tenant and landlord. A well-established relationship of trust accelerates joint decision-making and solution processes, significantly increasing efficiency.”
CTPark Bad Waldsee is located in the Upper Swabia region, with access to the B30 and B465 federal roads and connections to the A96 and A7 motorways. The site is also served by local rail and bus links.
