CTP to acquire a Düsseldorf industrial site from Vallourec for €155m.

CTP, a developer, owner, and manager of industrial and logistics properties, agreed to acquire a Düsseldorf industrial site from Vallourec, a manufacturer of pipe systems, for €155m. “This acquisition in Düsseldorf marks the highlight of our activities this year. It will be our largest and most extensive revitalization project in Germany to date, once again demonstrating our expertise in brownfield redevelopment. Our Parkmaker Concept and decades of international experience form the foundation for this endeavor,” Alexander Hund, CTP Managing Director Germany & Austria.