Business
CTP signs lease with Procter & Gamble for 37,000 sqm flagship facility in Prague
PRAGUE, December 19, 2025--Regulatory News: CTP, Europe’s largest listed owner, developer, and operator of logistics and industrial real estate by gross leasable area, has signed a major lease agreement with global consumer goods company Procter & Gamble (P&G) for a new, 37,000 sqm logistics and production facility at CTPark Prague North. This milestone reinforces the park’s position as a leading European logistics hub.
About this update from Procter & Gamble Company (the)
[{"type":"text","content":"PRAGUE, December 19, 2025--(BUSINESS WIRE)--Regulatory News:","length":60,"tagName":"p"},{"type":"text","content":"CTP, Europe’s largest listed owner, developer, and operator of logistics and industrial real estate by gross leasable area, has signed a major lease agreement with global consumer goods company Procter & Gamble (P&G) for a new, 37,000 sqm logistics and production facility at CTPark Prague North. This milestone reinforces the park’s position as a leading European logistics hub.","length":387,"tagName":"p"},{"type":"text","content":"Construction of the facility is now underway following a symbolic raising of the first column attended by senior representatives from P&G and CTP. The facility is scheduled for handover in September 2026, with operations expected to begin in 2027.","length":251,"tagName":"p"},{"type":"text","content":"Procter & Gamble has been a key player in the Czech market for more than 30 years, operating from its headquarters in Prague and the Rakona production plant in Rakovník. The new facility will support P&G’s long-term growth by expanding its logistics capabilities in a location that offers seamless connections to European markets.","length":338,"tagName":"p"},{"type":"text","content":""CTPark Prague North offers a strategic location for stocking from our European plants and, at the same time, efficient distribution within the Czech Republic and beyond. But this vision is not just about technology; it’s about people. The Artemis project is where we empower our teams, giving them the chance to work with AI and new digital tools, creating more interesting, more valuable jobs for the future. We are building a team of the future right here in the Czech Republic," says Angelique Terrien, Europe Logistics Vice President at Procter & Gamble.","length":573,"tagName":"p"},{"type":"text","content":"The project has been designed to meet the highest technical, safety, and environmental standards. CTP collaborated with the Czech Technical University (ČVUT) on advanced fire-spread simulations to optimise safety and ensure the smooth operation of the automated warehouse. Sustainability is central to the project, which is targeting BREEAM Outstanding certification—one of the most stringent ESG standards in Europe.","length":417,"tagName":"p"},{"type":"text","content":""Str...