Sunday, 16 March 2025
Czech real estate development and investment group CONTERA has announced a landmark deal as Blackstone, the world’s largest alternative asset manager, acquires the CT Real Estate portfolio for approximately €470 million. The portfolio, comprising 10 logistics parks in the Czech Republic and Slovakia, was previously owned by TPG Real Estate, CONTERA’s long-term partner since 2019.
As part of the transaction, Blackstone will also acquire a portion of CONTERA’s stake, establishing majority ownership of the industrial portfolio. CONTERA will retain a minority stake and continue as the property manager and developer, marking a new chapter in the company’s growth.
“This acquisition reflects the strength of our vision and the quality of our projects,” said Dušan Kastl, CEO of CONTERA. “Collaborating with Blackstone enables us to accelerate our strategic goals and drive the company forward. We are deeply grateful to TPG Real Estate, whose partnership has helped us expand the CT Real Estate network significantly over the past five years.”
The CT Real Estate portfolio has grown fourfold under TPG and CONTERA’s stewardship, now spanning approximately 500,000 sqm across ten high-quality logistics parks. “With over a decade of pan-European industrial investment experience, we identified CONTERA as an exceptional partner to expand and enhance a world-class logistics network in the Czech Republic and Slovakia. This acquisition is a testament to our collective success,” said Michiel Celis, Partner at TPG Real Estate.
For CONTERA, Blackstone’s entry represents an unparalleled opportunity for growth. “This partnership allows us to deliver ambitious new projects that will further expand our industrial portfolio in the Czech Republic and Slovakia,” added Kastl. “In 15 years, we’ve built a strong company with deep expertise, capable of delivering outstanding results in the industrial real estate market.”
Blackstone’s Head of European Real Estate, James Seppala, emphasized the strategic importance of the acquisition: “Logistics is experiencing strong demand driven by e-commerce and investor interest. These high-quality properties complement our pan-European portfolio and position us to capitalize on further growth opportunities in the sector.”
CONTERA’s logistics network, branded as CONTERA Parks, serves global and domestic leaders in logistics, e-commerce, and manufacturing. Each park features cutting-edge, energy-efficient buildings designed to meet diverse operational needs. The company also focuses on revitalizing brownfield sites, with such projects comprising over 85% of its €500 million portfolio.
In addition to its logistics portfolio, CONTERA has diversified into office and retail developments. Notable projects include the ORGANICA intelligent office building in Ostrava and the CITYSITE concept, offering flexible small business units for offices, showrooms, and even research spaces. The company is also exploring opportunities in residential development, further broadening its market presence.
The €470 million acquisition signals Blackstone’s confidence in CONTERA’s capabilities and reinforces Central Europe’s position as a hub for industrial and logistics investment. “This deal represents a significant influx of capital that will drive further economic development in the region,” said Kastl.
Negotiations for the transaction, facilitated by Cushman & Wakefield, were completed at a rapid pace, highlighting the shared vision and strong alignment between CONTERA and Blackstone.
“This marks a transformative moment for CONTERA,” said Tomáš Jirků, Partner at CONTERA. “With Blackstone’s backing, we are entering a new era of growth and innovation, and we are confident in the success we will achieve together.”
As CONTERA embarks on this next chapter, the partnership with Blackstone positions the company to continue delivering cutting-edge industrial projects while driving sustainable growth across Central Europe.
