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CTP has secured a long-term lease extension with German mail order company Walz for a 46,000 sqm facility in Bad Waldsee, strengthening its presence in the country’s logistics and industrial real estate segment. The 15-year agreement reflects continued demand for stable, long-term occupancies across Europe’s logistics market. CTP, known for its portfolio of business parks across Central and Eastern Europe, has been focusing on tenant retention and long-term contracts to ensure steady income. The deal also highlights the resilience of Germany’s logistics sector, which continues to attract institutional investors and occupiers.
CTP has secured a long-term lease extension with mail order company Walz for a 46,000 square metre facility located in Bad Waldsee, Germany. The agreement has been signed for a period of 15 years, ensuring continued occupancy at the site. Advertisement
The extension reinforces CTP’s strategy of maintaining long-term relationships with key tenants while securing stable rental income across its portfolio. Walz, a well-established mail order company in Germany, continues to retain its operational base at the property under the renewed agreement.
The Bad Waldsee asset forms part of CTP’s wider portfolio of logistics and industrial properties across Europe. The company has been actively focusing on strengthening its presence in core markets such as Germany, where demand for large-scale warehousing and distribution facilities has remained steady.
In recent years, the logistics sector in Germany has seen consistent growth driven by e-commerce expansion, supply chain diversification, and increased need for modern storage and fulfilment centres. Long-term lease agreements such as this are becoming common, as occupiers seek operational stability while landlords prioritise income visibility.
CTP has also been expanding its footprint across key European markets, with Germany emerging as an important region alongside its strong base in Central and Eastern Europe. The company’s approach has centred on securing high-quality tenants and extending lease tenures to reduce vacancy risks.
The lease extension with Walz follows a broader trend where property owners are focusing on tenant retention rather than frequent turnover, particularly in established logistics hubs. Such agreements also help in maintaining occupancy levels and supporting asset valuations.
Source Reuters
5th Jun, 2025
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