CTP completed the acquisition of VLD from FBH Group for €241m.

CTP, a commercial real estate developer and manager across Europe, completed the acquisition of VLD, a real estate development and investment company specialised in the industrial and logistics sector, from FBH Group, an Italian logistics company for supply chain management, warehousing and transportation of goods by road, for €241m. The acquisition of VLD provides CTP with a diversified geographic footprint and nationwide presence across Italy including both the country’s core and emerging regions.