CTP launches CTPark Belgrade Borča construction in Serbia with 10,000 m² pre-leased
Real estate company CTP has commenced work on CTPark Belgrade Borča following the signing of a pre-lease agreement for 10,000 m² with MD International (MDI), a subsidiary of logistics group Waberer's. In its statement of October 26, 2026, it presents this site as Serbia's future largest industrial and logistics park.
A 40-hectare site with 15 buildings 10 km from Belgrade city center
Located in Borča, 10 km from Belgrade's city center, the park extends over 40 hectares. It offers development potential of 222,700 m² spread across 15 buildings, with units that can exceed 50,000 m². According to CTP, it is to welcome companies serving the Belgrade metropolitan area and distribution networks covering all of Serbia.
The group will introduce for the first time in the country its CTBox and CTFlex formats, alongside CTSpace and CTFit buildings already present in its network. CTBox is intended for startups and SMEs, CTFlex for expanding companies needing modular infrastructure, and CTSpace for multinationals with significant space requirements.
Petar Kolognat, development director of CTP Serbia, indicated that this park opens an entirely new location on the Belgrade market, with access to nearby workforce.
MDI will move in during the first quarter of 2027 with an expansion option
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From the first quarter of 2027, MDI will occupy a custom-built facility, with the possibility of expanding its space to 20,000 m². The site will serve as a hub from which the company will provide distribution and logistics services for third parties to its clients in Serbia and beyond.
György Szucsány, co-CEO of Waberer's regional contract logistics, stated that the park is to accommodate the group's existing activities and open new possibilities in third-party distribution and logistics in Serbia.
CTP already operates the parks CTPark Belgrade City, CTPark Belgrade West and CTPark Novi Sad in Serbia. As of June 30, 2026, the real estate company held a portfolio of 14.8 million m² of gross leasable space in 12 countries, as well as 2.0 million m² under construction.
« The Group reiterates its Company-specific adjusted EPRA EPS guidance for 2026 of €1.01-€1.03. » ; « CTP expects double-digit Company-specific adjusted EPRA EPS growth in the years thereafter »
Risks mentioned
Expected broadly stable estimated rental values (ERVs) for remainder of 2026, with rental growth resuming only in 2027
Leverage ratio at 46.6% above medium-term target range of 40-45%, requiring earnings growth and disciplined capital allocation to return to target
Lower end of 2026 delivery guidance range (1.4-1.7 million sqm) reflecting timing of project completions
Opportunities identified
Record leasing activity of 1.943 million sqm (+23% YoY) driving strong rental growth
Expected to reach €1 billion of annualised rental income in 2027 through development completions and like-for-like rental growth
33.4 million sqm landbank providing significant embedded development potential with over €7 billion of illustrative development valuation uplift
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.