Wednesday, 2 September 2026
CTP is approaching a major scale milestone in Poland, with almost one million square metres of its industrial and logistics space now leased following several years of rapid portfolio expansion.
At the end of the first half of 2026, CTP had 996,840 sqm under lease in Poland. The company’s completed Polish portfolio has meanwhile reached approximately 1.092 million sqm, up from 218,000 sqm at the end of 2022. This represents more than a fivefold increase in completed space in around three and a half years.
Poland is also generating a disproportionately large share of the group’s current leasing activity. The country’s completed properties represent around 7.4% of CTP’s 14.8 million sqm European portfolio, while Polish transactions accounted for approximately 10.7% of the space leased by the group during the first six months of 2026.
CTP signed agreements covering approximately 168,000 sqm in Poland during H1, including space in existing properties, newly completed buildings and projects under construction. All of the Polish agreements signed during the period involved new customers, according to the company.
This differs from the wider European portfolio, where around 65% of leasing volume came from transactions with existing tenants. The comparison indicates that CTP’s Polish business is currently expanding its customer base alongside increasing its physical portfolio.
Demand in Poland came from several occupier groups. E-commerce and retail businesses represented almost 40% of H1 leased space, while logistics operators accounted for approximately 23%. Manufacturing companies, including businesses connected with renewable energy, generated around 17%.
One of the larger manufacturing transactions was a 29,000 sqm lease with Windar Renovables at CTPark Legnica. The renewable-energy equipment manufacturer provides an example of the type of industrial occupier CTP expects to become increasingly important as European companies adjust production and supply networks.
CTP Group CEO Remon Vos said demand remained strong across the company’s markets following record leasing during both quarters of the first half. He identified manufacturing localisation, rising consumer purchasing power and changes to European supply chains as important drivers, alongside emerging demand from industries including life sciences, defence, semiconductors, robotics, electric vehicles and batteries.
CTP has also been widening the geographical reach of its Polish platform. During the first half of the year, the developer announced projects in Suchy Las and Bydgoszcz, adding to a network that now comprises 20 parks. Sixteen of these are completed, with the company managing 35 operating buildings across 16 Polish locations.
Further development capacity is supported by approximately 2.6 million sqm of land held by CTP in Poland. The land portfolio gives the developer scope to add both speculative facilities and projects designed around the requirements of individual occupiers.
The pace of expansion in Poland forms part of continued growth across CTP’s wider European business. The group completed leases covering approximately 1.6 million sqm during H1 2026, an increase of 55% from the corresponding period of 2025.
Rental income also moved higher. Gross rental revenue reached €413.3 million, increasing 12.6% year-on-year, while net rental income rose 12.4% to €404.8 million.
Across its 11 European markets, CTP now owns approximately 14.8 million sqm of completed industrial and logistics property, with another 2 million sqm under construction. Its development land totals 33.7 million sqm, providing a substantial pipeline for future expansion.
The company continues to target €1 billion in annual rental income in 2027, making continued leasing and development across its larger Central and Eastern European markets important to achieving that objective.
Poland’s contribution is becoming increasingly significant. The combination of new customer acquisition, manufacturing requirements and continued demand from logistics, retail and e-commerce companies has enabled CTP to increase its Polish portfolio considerably faster than would be suggested by the country’s current share of the group’s completed European stock.
With leased space now less than 4,000 sqm short of the one-million-sqm threshold, the milestone itself is likely to be passed quickly. More significant for the industrial property market is the speed at which CTP has moved from a relatively small Polish presence at the end of 2022 to a portfolio exceeding one million sqm, backed by additional development land and expansion into new regional markets.
