CTP, a real estate developer, completed the acquisition of an industrial complex in Ostrava from Bluehouse Capital, a private equity real estate investment and asset management firm. Financial terms were not disclosed. “Our long-term aim is to acquire land and projects in order to offer our clients the widest network of quality facilities to further their business development in Europe. Owing to its strategic geographic location, the Czech Republic continues to demonstrate strong growth potential in the industrial and logistics real estate sector in the long term, which is why I am delighted that we have added a new project in Hrušov to our portfolio. The site is in a great location near the centre of Ostrava and the motorway, neatly complementing our other successful projects in the region,” Michal Felcman, CTP Head of M&A.