CTP achieved a net rental income of 270 million euros in the first half of the year
In the first half of this year, CTP achieved a net rental income of 268.3 million. euro This represents a year-on-year increase of 26.8 percent. The contractual revenues for the next 12 months amounted to 654 million as of June 30, 2023. euro As the group further informs, the expected return on costs increased to 10.6 percent on 1.8 million square meters of projects under construction. The group's permanent portfolio has grown to 11 million square meters. The gross value of assets increased by 8.2 percent to 12.4 billion euros. EPRA's specific adjusted profit increased by 25.4 percent to 158.1 million euros.
"In the second quarter of the current year, we recorded a significant increase in rent, while in the first half of 2023 we signed contracts for a total of 850,000 square meters. As tenant demand remains strong and the supply of new industrial and logistics space declines, vacancy remains low, allowing us to continue to grow rents, with rents on new leases we signed in the first half of 2023 up 12 percent compared to the first half of last year," said CTP CEO Remon Vos.