CTP NewsNews & Views for the CTP CommunityCEE Publication | Summer 20162No.

Past, Present and Future

of the Automotive Industry

in Central Europe

Feat

ure

stor

y 4—

5 Driven by Passion

Amazing

paper car cut-out

inside!

3

Financial FundamentalsTaking care of the basics now ensures long-term stability

What’sInside:

11

Worker AccomodationFills a Market GapPilot Project Rolls out Successfully

12

Robust RomaniaMoving Fast in New Market

16

Electric Vehicles: the Road AheadDrive Faster, Further, Greener

AWARDS Romania: Developer of the YearCTP was delighted to pick up the Industrial Developer of the Year, in this year’s SEE Real Estate Awards, honouring the best and most active companies from the whole region. CTP’s Hanu Laurentiu-Catalin was on hand to pick up the award.

CTP News awardedCTP’s award-winning marketing team are at it again. This time around, the CTP News printed newsletter has picked up a special award in the Fenix Content Excellence awards, in Czech Republic. CTP’s Čestmír Přindiš and Tom Kostelac did the honours.

Courtyard by Marriott Coming to Spielberk

CTP and Marriott Hotels have agreed that Tower II at Spielberk will be the home for a new Courtyard by Marriott hotel in Brno. Fitout is currently underway and the international hotel is expecting to open late 2016. The modern four-star hotel at Spielberk will offer 201 luxury rooms, and help position the park as a key business destination in the region.

3

Positive market circumstances and the low interest environment have enabled us to agree new financing terms with most of our financial partners. Leveraging these positive trends, we have successfully lowered our cost of funding, while extending loan maturities, thereby creating a strong foundation for the long-term financial stability of the CTP group.

Business News

Over the past 12 months, we successfully laid a sound financial foundation for the company’s growth. Having expanded our loan commitments overall from 1.1 to 1.5 billion EUR, we were able to also balance those loans more evenly across a wider spectrum of lenders, thereby reducing exposure risk among all parties. Loan rescheduling also resulted in a 2% reduction in short term liabilities, providing the company time and cash to focus on absorbing acquisitions completed in the previous year—all the while maintaining our healthy LTV ratio in line with past trends.

Q1 2016: CTPARK NETWORK

Done DealsQ1 2016 was positive for CTP in terms of leased deals closed. Deals comprising more than 260,000 m² were concluded, taking lettable area within the CTPark Network to 3.5 million m² across seven CEE markets. The Czech Republic registered the most activity, but the new markets Romania, Slovakia and Hungary posted positive results, also.

Clients Move inCTP is readying the handover of a number of facilities to new clients, with a significant proportion from the automotive industries, including JCI in CTPark Kvasiny, IAC in CTPark Zákupy, and others in CTPark Plzeň and CTPark Voděrady. Faurecia took up residence in CTPark Žilina, IBM in Ponávka, and Iron Mountain in CTPark Bucharest West.

FundamentalsFinancial

For more information, contactzdenek.raus@ctp.eu

Loan Growth over Time and Maturity of Interest-bearing Loans(In EUR thousands)

Key deals

CTPark Aš confidential 22,000 m�

CTPark Plzeň Lidl 30,000 m�

CTPark Modřice PPG 6,000 m�

CTPark Bor Autoneum 8,000 m�

CTPark Bucharest West OTZ 15,000 m�

CTPark Deva Laboratoarele Fares Bio Vital 3,000 m�

CTPark Voderady confidential 10,000 m�

CTPark Žilina Faurecia 3,000 m�

CTPark Tatabánya confidential 27,000 m�

Loan to Property Value Ratio

53%

Total Loans by Bank (%)(value in EUR Thousands)

1 year103,276

2 years77,792

3–5 years534,699

Following years 842,947

Total1,558,714

1,071,000 1,004,000

941,000

886,000

20152014201320122011

Erste Group

Raiffeisen International Group

UniCredit Bank Czech Republic and Slovakia, a.s.

Československá obchodní banka, a.s.

Société Générale Group

Deutsche Pfandbriefbank AG

Raiffeisenlandesbank Niederösterreich-Wien AG

ING Bank N.V.

Landesbank Hessen-Thüringen GirozentraleVšeobecná úverová banka a.s.

20148,319 Commerz Real AG8,400 Immigon Portfolioabbau AG8,501 Oberbank AG

1,156,359 1,558,714

201516,382 PPF banka a.s.8,101 Oberbank AG

2015

36,94650,078

74,156

124,748

141,240

153,934

160,073

236,281

236,876

319,899

29,151

51,963

91,962

128,906

76,357

123,724

154,678

74,918

399,480

20140%

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

2Word from the CEO

Remon Vos can be reached at remon.vos@ctp.eu

Remon L. Vos, FRICSCEO

As a passionate car lover and amateur racer myself, the theme of this issue of the CTPNews sits close to home. The growing automobile industry’s roots and recent blossoming in CEE have been an engine of growth for the CTPark Network, which

continues to thrive.Across the network, occupancy has accelerated to 90%.

Demand continues to increase and we are constructing to meet it in Bucharest, Brno and Bor, amongst other key locations, driven in large part by automotive manufacturers and Tier One suppliers.

Since the last edition of the CTPNews, we have strengthened our regional position, particularly in Romania. Our team were awarded SEE Industrial Developer of the Year in Bucharest mid-April. We are currently constructing more than 50,000 m2 in Romania to BREEAM specifications.

In Slovakia, we finished construction for automotive clients in Žilina and Voderady, and we are commencing construction on a 10,000 m2 brownfield site for HP Pelzer in CTPark Bratislava. Our home market, the Czech Republic, remains strong in terms of leasing and construction.

Continuing to imporve company operations, we are introducing new IT systems and procedures, which, when concluded, will support the company on its natural next stage of evolution.

In order to support our continued growth, the CTP team has also expanded. As of 31st December, our headcount was 187. As of 31st March this year, we number 205. Growth in the team has mainly come in our regional markets, and within our financial and accounting teams. To accomodate this growth we opened new offices in Prague where we are consolidating our financial and accounting services. We invite you to come and visit us, where we will be happy to show you around.

Importantly , no fewer than 10 employees celebrate 10 years with CTP this June. I would like to personally thank these individuals for their ongoing trust and commitment to the company. Your contributions are noted and highly valued.

Remon Vos can be reached at remon.vos@ctp.eu

Remon L. Vos, FRICSCEO

4Feature story

Carland

Central and eastern Europe’s car industry has emerged from a turbulent past and has returned to its historical glory days, becoming one of the most modern and productive automotive manufacturing hubs in the world.

I nternational carmakers of all shapes and sizes have been lured to central and eastern Europe.

Korean brands Hyundai and Kia have facilities in Nošovice and Žilina respectively, Volkswagen occupy a central location in Bratislava, and France’s Peugoet Citroën sits in Slovakia’s Trnava region.

They have been drawn by the region's better labour cost ratios, improving infrastructure and high productivity, government incentives, and access to the single European market.

But on the other hand, it is the region’s suppliers, skilled workers and network of technical universities that have given confidence to manufacturers.

The growth of automotive in the region has been fuelled, in part, by the shift from low to mid-value production and by parts of the supply chain moving from Western Europe, as well as ancillary services to the industry such as by Continental, who invested into three R&D sites across the region, one of which sits in CTPark Ostrava.

Hans LedwinkaChief Designer Tatra

Hans Ledwinka (14 February 1878 – 2 March 1967) was an Austrian automobile designer. He started his career as a simple mechanic, and later studied in Vienna. Ledwinka returned to work at the Tatra company in then Czechoslovakia, and between 1921 and 1937 he was their chief design engineer. Ledwinka made a number of major contributions to automobile design, including the development of the streamlined car body. He met often with close friend and business rival, Ferdinand Porsche, and the question of creative seepage still lingers today. Of Ledwinka, Porsche admitted “… sometimes I looked over his shoulder and sometimes he looked over mine” while designing the Volkswagen Beetle. There is no doubt that the Beetle bore a striking resemblance to the earlier Tatra. In 2007, Ledwinka was inducted in the European Automotive Hall of Fame.

Béla Barényi

Béla Barényi (1 March 1907 – 30 May 1997) was an Austrian engineer of Hungarian and Austrian heritage. He is regarded as the father of passive safety in automobiles. Barényi was known as a prolific inventor. There have been claims that, when he retired on 31 December 1972, he had more than 2000 patents, twice as many as Thomas Edison. Heading the pre-development department of Daimler-Benz from 1939 to 1972, he developed e.g. the concept of the crumple zone, the non-deformable passenger cell, collapsible steering column, safer detachable hardtops etc. and other features of Mercedes-Benz automobiles. Barényi was nominated for the award of Car Engineer of the Century in 1999 and inducted into the Detroit Automotive Hall of Fame in 1994.

Jozef Kabaň

This innovative tradition lives on today, where young car designer, Jozef Kabaň (1973), moved his way up the corporate ladder of Volkswagen and Audi, designing cars such as the Volkswagen Lupo, Seat Arosa and recently, as head of Exterior Design at Škoda Auto, the new edgy designs for the Superb, Octavia and Fabia. His greatest claim to fame is that he submitted a sketch for a new car, the Bugatti Veyron, which went form sketch to car with almost no noticeable difference.

Many recognisable auto brands started out in central Europe, though few have enjoyed an incident-free journey. Shifting economic powers and the tides of war made getting anything done in central Europe rather difficult, which is a testament to the longevity and perseverance of the skill and vision of the people behind the brands.

ŠKODA

The Czech Republic’s Škoda began life in 1895 as Laurin & Klement, re-emerged after 1991 when it was it gradually privatised, and later purchased by the Volkswagen Group. Today, the Škoda brand is one of the most successful in the world, with global sales reaching 1.06 million cars.

DACIA

Romania also had its home-grown brands, the now-defunct Aro, and later Dacia, whose origins trace back to 1968 when the the factory was built in Colibasi, near Pitesti Currently part of the Renault group, Dacia has a rather recent history, but is also growing and is known throughout Europe.

TATRA

Tatra is the second oldest car manufacturer in the world behind only Daimler. Taking its current name from the mountain range on the Polish-Slovak border, Tatra began in 1850 and later became known as a luxury car brand between the wars, and is now best known for its rugged trucks.

TATRA STORY

Tatra was founded originally as Schustala & Company, a wagon and carriage manufacturer. In 1897, the company produced the first motor car in central Europe, the “Präsident”. In 1919, it changed its name to Tatra, and during World War II, Tatra was instrumental in the production of trucks and tank engines for the war effort. While production of passenger cars ceased in 1999, the company produces a range of primarily all-wheel-drive trucks, from 4×4 to 18×18. The brand grew in fame as a result of Czech truck racer Karel Loprais: in 1988–2001 he won the off-road race Dakar Rally six times with the TATRA, earning the nickname: “Monsieur Dakar”.

CZ RO CZ

C O N T I N U E O N P A G E 1 6

I N T H E B L O O D

5AUTO INNOVATORS OF CENTRAL EUROPE

The people behind the machines

The future of the automotive industry…

Central Europe

1936 Tatra T77, with its early avant garde aerodynamic styling

Construction 6 Property Management

Connecting Job-Seekers to Jobs

Our work portal, skvelaprace.cz, currently piloting in the Czech Republic, is performing well, with approximately 272 job applicants and roughly 500 visitors per month. Skvelaprace.cz is free for our clients to use, and many have taken us up on the offer of sharing available jobs and welcoming the efforts of CTP in promoting availability and securing local labour.

skvelaprace.cz

In recent months, CTP has focused heavily on supporting clients with their HR requirements. Due to strong GDP growth in recent years, some regions are experiencing historically high employment rates, and we are helping our clients to attract high quality workers in a very competitive labour environment.

We recently completed phase I of our worker accommodation facility at CTPark Bor, which is already 100% occupied. Workers appreciate being able to limit travel and other transport expenses. A further 200 beds come online in June, when we finish Phase II, and we expect it to be fully occupied within short order.

Stefan de GoeijHead of Property Management

For more information contact:stefan.degoeij@ctp.eu

CTP is currently conducting feasibility studies at additional parks within the network that would benefit from accommodation facilities and related services.

The CTPark Network offers companies and their employees a pleasant working environment, as well as premium services such as shuttle connections to public transport, restaurants, accommodation, and medical services.

11

Accomodation Pilot: CTPark Bor

Accomodation buildings

K E Y S I T E S I N C L U D E :

CTPark Cluj Profi 26,000 m�

CTPark Kvasiny Johnson Controls 10,600 m�

CTPark Humpolec II Schenker 10,500 m�

CTRark Modřice confidential 19,800 m�

CTPark Humpolec Valeo 7,500 m�

CTPark Bucharest West OTZ 15,000 m�

CTPark Bucharest Ironmountain 20,000 m�

CTPark Bratislava HP Pelzer 11,000 m�

Construction continues across the network, driven by the demand from existing CTP clients. CTP plans the construction of approximately 540,000 m2 in 2016, with approximately 185,000 m2 currently under construction.

Breaking N

ew

Ground

Regions

Robust Romania!A remarkable 2015 has thus far been followed by an excellent 2016 in Romania. Occupancy is rising across our portfolio, highlighted by key leases such as the award-winning OTZ deal in CTPark Bucharest West, the pre-lease of our newbuild at CTPark Bucharest by the likes of Ironmountain and DSV, and Romanian mainstays, Profi, taking 19,000 m2 at CTPark Cluj. Romania’s macro numbers are on the up, and investors, like CTP, are eyeing the market for its diverse and plentiful opportunities. In Q1, CTP strengthened its grip on the market, and we continue to register interest in space from existing and new clients alike.

At 3.7 percent, Romania had one of the highest growth rate in the European Union (EU) in 2015, driven primarily by domestic demand. Over the last 26 years, the country has made considerable progress in developing the institutions for a market economy. Joining the European Union (EU) in 2007 was a driving force for reform and modernization.

Romania’s macroeconomic situation is stable, with low inflation and external deficits, but risks are important. Growth is strong, fuelled by the fiscal relaxation and by improvements in the labour market. Gradual improvements in labour demand and recent wage policy changes have led to rapid increases in wages. Economic growth has also positively impacted employment, but improvements in labour force participation and job creation have been below expectations, signalling continued rigidities in the labour market, including skills mismatch.

Property investment volumes in Romania totalled €675 million in 2015, coming off the back of a very strong 2014, when ca. €1.17 billion was transacted, including a number of unique,

very large deals. However, it is notable that 2015 witnessed an equally large number of transactions, proving that the market was still liquid and maintaining its momentum.

Market volumes were dominated by industrial/logistics transactions (41%), making 2015 an all-time record year for this sector. CTP was the most active international investor CTP, acquiring six industrial properties across Romania for a combined total value of over €130 million. Prime industrial yields now stand at 9%.

Prospects for 2016 are positive given that the economic growth of the country is forecast to be one of the highest in Europe; the good availability of quality product; and the still significant yield spread between Romania and Poland or the Czech Republic.

F O C U S : R O M A N I A

Quick Facts:

Population 22 million

GDP (PPP) EUR 192 billion

3.7% growth

3.2% 5-year compound annual growth

EUR 8500 per capita

Unemployment 7.2%

Inflation (CPI) -3.0%

FDI Inflow $280 million

Laurentiu-Catalin HanuRegional Director

Dan Florin FlesariuOperations Manager

Valeriu TomaHead of Property Management

Marian OrzuHead of Leasing & Business Development

12 13

CTPark BucharestIn an established location on the A1 Bucha rest—Pitesti motorway and just 2 km away from the city, CTPark Bucharest offers A-class units for warehouse and light industry. With superb infrastructure and links to industry Europe-wide, Bucharest makes connections with 200 million customers within 1,000 km.

CTP is currently constructing a 15,000 m� facility, already 100% pre-leased to clients such as Iron Mountain, DSV and Englmayer. There is approximately 100,000 m� of planned construction in the park, which can be completed within 9 months of ground-breaking.

CTPark Bucharest WestCTPark Bucharest West is prominently located 23 kilometres west of Bucharest City Centre (second exit from the city) and has direct access to the A1 motorway. A1 is the main motorway in Romania that leads to the west (Hungary). The park is situated just 7 km away from the future Ring Road that will provide access to the International Airport within approximately 25 minutes.

CTP is currently constructing a 30,000 m� facility, of which 15,000 m� is pre-leased to logistics company OTZ. The park has potential for an additional 230,000 m� built--up area, and CTP is already speaking with a number of prospects on taking space at this ideally-located business park.

CTPark SibiuCTPark Sibiu is located equidistant between Bucharest (267 km) and the Hungarian border (268 km), in an area which has the longest industrial tradition in Romania. Sibiu is home to 148,000 inhabitants, 40% of which are employed in industrial activities. The park is located in the vicinity of two European routes E68 and E81, and just off the A1 motorway which runs from Sibiu city all the way to the Hungarian border.

CTP is currently preparing groundworks for a facility for an existing CTP client, who have decided to expand operations into Romania with CTP.

CTPark ClujCTPark Cluj is one of the first institutional class A industrial parks to be developed in the Cluj area by an international developer. Strategically located in the proximity of International Cluj Airport, CTPark Cluj offers a full range of CTP building types, for manufacturing, logistics and R&D operations. CTPark Cluj will deliver its first 25,000 m� built- to-suit class A building in Q2 2016.

CTP is constructing a 19,000 m� facility for Romanian retailer, Profi, expected completion in Q2.

One of the highest growth rates in the European Union

3.7%

Property investments volume in 2015 (€)

675 mil.

R E G I O N A L R O U N D U P

CTPark Cluj

CTPark Sibiu

CTPark Bucharest West

CTPark Bucharest

14Regions

CTPark Plzeň has experienced a significant increase in leasing and construction activity through recent months. The park, located in the famous Bory Fields of Plzeň, is now approaching 100% occupancy.

CTP has a number of parks in the region, the most prominent of which are CTPark Ostrava, CTPark Hranice, CTPark Nový Jičín and more recently CTPark Nošovice. Activity in the region has been gaining speed, particularly at the end of 2015 and Q1 2016.

Recent activity features the ongoing customised fitout and extension of the 30,000 m² facility for Lidl in BP 18. We are nearing the completion of BP 19 for a confidential client. The recently finished CTBox units are nearly fully occupied and Hisense recently moved into its 10,000 m² electronics manufacturing facility at BP 5. Owing to the pull of Plzeň as a manufacturing base in central europe, CTP has purchased additional land within the park as well as in the nearby town of Blatnice to ensure capacity for our client’s expansion and to accommodate new companies to this area rich in industrial tradition.

The Moravia—Silesia region lies in the northeast part of the Czech Republic, bordering Poland to the north and Slovakia to the southeast. The region is known for its rich industrial heritage. For centuries, prominent industries in the region were those related to mining and steel manufacturing in the Ostrava and Karviná areas. Today the region is transitioning from heavy-industry to high-tech, and offers investors favourable conditions, leveraging the embedded technical knowledge of the local population, who are well educated and maintain a strong work ethic. High-quality technical universities and the strategic location at the crossroads of Poland, Slovakia and the Czech Republic have served to attract major players in the areas of software development, pharmaceutical manufacturing, engineering and R&D.

International investors in the area include:

ABB, Brembo, Arcelor Mittal, Continental, Sungwoo Hitech, Tieto, ITT, Hyundai

North Moravia in numbers:

Population 2.2 million

GDP (PPS) EUR 15,300

Unemployment 10.3%

OstravaRegionally, CTPark Ostrava saw the most activity since last publication, with over 12,000 m² of space signed with prolongations, extensions and new deals with manufacturing as well as office tenants.

Nový JičínIn Nový Jičín, CTP recently delivered a 12,000 m² production facility, with expansion options, to automotive climate control specialists, HVCC. In CTPark Hranice, we agreed an extension with automotive parts manufacturer, the Korean company DAS.

NošoviceCTPark Nošovice was one of the more challenging projects in recent years, however all permits are in place and construction is beginning on this 20,000 m² park, directly adjacent to the Hyundai production facility. The park is expected to be highly attractive to Korean suppliers to the Hyundai facility, or other Tier One suppliers.

North Moravia

F O C U S : P L Z E Ň

F O C U S

Zuzana Fiantoková HR Manager

Jitka DykastováGroup Controller

Barbora PlachkáPayments Specialist

Gabriel Calin Park Manager CTPark Bucharest

Ľubica Sieglová IT systems administrator

O T H E R K E Y H I R E S

15 Who is New in CTPInside CTP

Celebrating 10 years togetherWe are delighted to announce that 10 employees celebrate their 10 years at CTP this year. Congratulations and many thanks to the following for their commitment over the years:

Nothing down about the Dolomites27 agents and key partners from Czech Republic, Romania, Slovakia and Hungary joined CTP’s Remon Vos and the business team on a weekend of skiing and Michelin-star fine dining in the Corvara region of the Italian Dolomites in late-March.

Vltava RunThe CTP Revival team competed in the Vltava Run 2016—a 360 km running relay from the Šumava mountains to Prague, finishing in an incredible 31 h, 6min and 21s. The team comprised of 12 current and former CTP colleagues and friends. Congrats!CTP Colleagues Pictured: Capitan Pavlína Adamíková, Petr Janáček, Filip Slabohnský, Jiří Kostečka, Jiří Krátký, Tomáš Konderla, Antonín Lečbych. Former Colleagues & Friends: Tomáš Novotný, Veronika Prokopová, Martin Dočekal, Pavel Prokop, and Daniel Polášek.

No ½ measuresTeam Red represented the company well during the Prague ½ marathon which took place early April. CTP’s Kaizr, Adamíkova, de Goeij, Macková, Vos, Aleva and Chládek all finished within expected times, sporting a newly designed CTP sports shirt.

Putting education firstCTP was the main sponsor of the EBEC technical students’ competition, which took place in the faculty of Mechanical Engineering in Brno’s Technical University. A few weeks later, CTP was delighted to partner with RICS and Klub Investoru on a seminar held in Prague’s University of Economics on the subject of ‘the role Business in Urban Planning’.

Michal HlucháňFilm Director

Michal joins CTP as our in-house Film Director, responsible for documenting the company and creating sales and marketing materials.

Michal originally studied tax and economics in Slovakia, however from an early age, he was fascinated by the world of motion picture. He has worked on numerous commercials, documentaries and Czech feature films. His passion for film has taken him around the world to many weird and wonderful places, from the wilds of northern Scotland, to the deserts of Tian Shen in eastern Kazakhstan.

Radek MaarTomáš BudařLuboš Zajíček Arno van HummelJitka Furchová

Josef ŠindelářVladimír SchreiberTomáš NenutilJaroslav HamrlaMartin Fodor

Martin VorelProject Manager for Bohemia

David ŘehořSenior Project Manager for Bohemia

Václava PřibkováProperty Management Administrator

Piotr KlankRegion Director, Poland

Mihaela MusatOffice Manager, Romania

Pavel PokornýMEP Designer / Price Manager

Florin StroeSenior Project Manager, Bucharest

Florentina MarinAssistant to Head of Property Management, Romania

Markéta BrodinováAssistant to CEO

Janka ZemanovičováOffice Manager

Flóra BadacsonyiFinancial Manager, Hungary

Dragos LupProject & Property Manager, Bucharest

Jiří KrátkýDesign and Purchase Manager

Andrei KosztiProject manager, Bucharest

Filip SlabotinskýDesigner

To contact CTP personnel:name.surname@ctp.eu

Andrea Bizon Head of Treasury, Romania

CTP: Where did your idea to build an electric car come from?MW: While thinking about alternative forms of transport, I bought an electric ‘tadpole’ trike. This trike was powered by a single, very small in-wheel hub motor & a very tiny battery. The trike seemed amazingly efficient with a very long range on pure battery power. This got me thinking that if in-wheel hub motors can work so efficiently on a trike, they might have potential in a car. After further investigation, it quickly became apparent that building a car using in-wheel hub motors was orders of magnitude less complex than building a car using traditional propulsion methods.

CTP: Were you inspired by the automotive heritage of the region?MW: Yes. Czech Automotive history certainly influenced phase 2 of the idea. The external design of the car was heavily influenced by old Tatra design principles. Back in the day, Tatra made some of the best, most innovative cars of their times. Tatra were true innovators.

CTP: Who designed and built the car? MW: The car was designed in house by myself & the Maurice Ward IT team. The first external body style is the Retro coupe & this is heavily based on a Tatra prototype from the 1950s that was never mass produced. Once the decision

to use hub motors was made, the ‘platform’ design was relatively straightforward. The platform is capable of supporting many body shapes & styles and is still evolving. The LUKA III will have an aluminium chassis with various novel materials added to give additional strength. And having nothing in the engine bay has opened up new possibilities for various innovative safety features.

CTP: Who do you think will buy it?MW: While selling cars was never our main purpose, we have daily sales inquiries from all types of people & organisations all over the world. The market is really anyone who wants to drive one of the most efficient highway-capable cars in the world at a price lower than an equivalent internal combustion engine (ICE) car costs. People who value classic styling will also appreciate the LUKA EV. Our focus is to

prove that using in-wheel hub motors facilitates a complete rethink about how cars are built.

CTP: Do you think electric cars are the future of mobility?MW: Without doubt, electric cars are the future of mobility. What needs to happen is already happening. Battery prices are falling; governments are taking steps—for example the

Dutch are debating a bill to ban all new ICE cars by 2025; Tesla are putting EVs in the eyes of the general public & other established car makers. who have seen the writing on the wall, are jumping into the ring. I expect to see electric cars with a range of 1000km within 10 years. I see electric cars fundamentally changing the way electricity is used. The car battery can not only power your car, it can power your home. This availability of distributive energy storage will mean that wind & solar

power become more attractive. I expect future generations to look back at the last 100 years of the internal combustion engine & think we were all crazy to have used fossil fuel in this way. Eliminating ICE will be a huge step in the right direction. Our hope is that the new technology we are showcasing with the LUKA EV will be an integral part of the movement by showing big car makers a totally new way to make cars lighter & more efficient.

Inspired by TatraCTPNews recently interviewed entrepreneur Maurice Ward, of the eponymous logistics and transport company, about his design & creation of the unique LUKA Electric Vehicle (EV), and the future of mobility.

16Backpage Beat

CTP | CTPark Humpolec

396 01 Humpolec

Czech Republic

(+420) 565 535 565

www.ctp.eu

Colophon

MIX — Paper from responsible sources, FSC® C109471. Printed in the

Czech Republic on paper certified by the Forest Stewardship Council® as

derived from responsibly managed forests and other controlled sources.

UPDATE YOUR PREFERENCES If you want to stop recieving

the print edition of CTP News, or add/change who recieves the news

in your company, please write to marketing@ctp.eu

C O N T I N U E D F R O M P A G E 5 C O M P A N Y A N N O U N C E M E N T S

A B O U T T H E A R T I S T

U P C O M I N G E V E N T S

Pavel Procházka The author of this issue’s cover-art and the cut-out car illustration featured in our centrefold, is a graphic designer from Prague. Hailing from Vlašim, at the age of 18 he moved to Prague to study graphic design. After his studies he spent some time as an intern at October Stone Design Studio in Londonderry, Ireland. He has worked for several advertising agencies in Prague and his work covers a wide range of activities. In the past two years he has worked externally for the ABC magazine for which he created several series of original cut-out paper characters.

September 20CEE Property Forum 2016

October 2–3Speedchain Czech

October 3–5ExpoReal 2016

October 10–11CEE Automotive Conference 2016

We recenlty launched a new Events page on ctp.eu, where you can see all major events that we will be attending in the coming months. There is also an archive where you can read reports on our past events and view pictures and media.

ctp.eu/en/company/events/

As part of our ongoing digital transformation, CTP has invested into a fleet of interactive touchscreens, which you can find in our regional HQs, for visitors to find, search, and share interactive content about the company. We hope you will come try it out for yourself!

Sneak peekCTP’s marketing team is putting the finishing touches on our 2015 Annual Report. This year, we’ve changed things up a little with upgrades to the design, content and augmented video material. Watch a sneak preview of the photo shoot with CTP Top Management, and legendary photographer, Goran Tačevski.

CTP iPad appDid you know that CTP has an iPad app? If you haven’t done so already, jump over to the iTunes store and download it today for free. Search, select and share favourite properties (or groups of properties), and use the Smart Reader to view additional behind-the-scenes content. An update is in the works, as well as a version for Android. Watch this space.

DoksyraceCTP returns as the main sponsor of the CTP DoksyRace for the 3rd year in a row in 2016. In early September, 200+ professional and amateur athletes will tackle the half-ironman triathlon which takes place in the picturesque countryside north of Prague. Sign up today or gather a team of friends – do you have what it takes to be a finisher?

KEY

Cars are hot–and big business for the region. It’s time to fuel your passion forthe automotive sector. Simply follow the

instructions below to cut out andassemble your very own “CE Class”

roadster. We’ve gathered a network of suppliers in one place, simplifying the

assembly process dramatically.

READYTO RIDE

ASSEMBLY INSTRUCTIONS READY TO ROLL

FränkischeCTPark Turda

CABLE PROTECTION

Groupo AntolinCTPark Ostrava / CTPark Hranice

BRAKES & PADS

HEADLINERS

FaureciaCTPark Mladá Boleslav

EXHAUST SYSTEMS

ContinentalCTPark Ostrava

POWERTRAIN SYSTEMS

HellaCTPark Bratislava

INTERIOR LIGHTING

AutoneumCTPark Bor

INTERIORS

Automotive LightingCTPark Jihlava

HEADLAMPS AND BLINKERS

HennigesCTPark Hranice

RUBBER WINDOW LINERS

Koni / ITTCTPark Ostrava

BRAKES & PADS

Bridgestone / Michelin / Continental / VoithCTPark Bor / Ostrava / Bratislava / Trnava

WHEELS, TYRES & ASSEMBLIES

Confidential CTPark Voderady, CTPark Pitești / CTPark Bratislava

SEATING SYSTEMS / SEATBELTS

marketing@ctp.eu

When you’re finished, don’tforget to send us a pic with

your completed car, to:

HP PeltzerCTPark Ostrava / CTPark Bratislava

CEILING ACOUSTICS

CREATED BYPAVEL PROCHÁZKA

GLUE

BOR PLZEŇ

PŘEŠTICE

BLATNICE

TEPLICE

OSTRAVAIQ OSTRAVA

POHOŘELICE

BLUČINA

PREŠOVPOPRAD

LVIV

PÍSEK

KADAŇ

ŽATEC

LOUNY

CERHOVICE

LIBEREC

ML. BOLESLAV IML. BOLESLAV II

ZÁKUPY

AŠ

UH. HRADIŠTĚ

LYSÁ N. LABEM

PRAGUE NORTHPRAGUE EASTPRAGUE WESTPRAGUE AIRPORTEUROPORTBARRANDOV

ZDIBY

DIVIŠOV

PARDUBICE

TÝNIŠTĚ

KVASINYCHEB

HUMPOLEC

JIHLAVA

OKŘÍŠKY

ŽILINA

MARTIN

LIPNÍKN. BEČVOU

HRANICEHLUBOČKY

NOVÝJIČÍN

NOŠOVICE

HRADEC KRÁLOVÉ

HRUŠKYČESKÉ

VELENICE

TURDA

ARAD

MADARAS

TIMIȘOARA

SIBIU

PITEȘTI

BUCHARESTBUCHAREST EAST

BUCHAREST WESTBUCHAREST OFFICE PARK

BRATISLAVA

TRNAVA

VODERADYNITRA

BUDAPEST

ÜLLŐ

MÓR

SZÉKESFEHÉRVÁR

TATABÁNYA

GYŐR

BRNIK

CLUJ-NAPOCA

DEVA IDEVA II

BRNOBRNO SOUTHRETAIL PARK

MODŘICE

PONĀVKASPIELBERK

EAST BOHEMIA HOTSPOT

TPCA Kolín is a joint venture between Toyota Motor Corporation and PSA Peugeot Citroën. TPCA Kolín produces small cars mainly for the European market. Major bus makers Sor and Iveco also have factories nearby deepening the supply chain.

MANUFACTURERS: Toyota, Peugeot, Citroën, Sor, Iveco

MLADÁ BOLESLAV HOTSPOT

Mladá Boleslav is home to Czech power-brand, Škoda Auto, since 2000 a wholly-owned subsidiary of the Volkswagen Group. Škoda’s Mladá Boleslav site is not only home to the brand's headquarters and R&D department, but is also the location of Škoda's largest production facility in the world.

MANUFACTURERS: Škoda Auto

WEST BOHEMIA HOTSPOT

West Bohemia is home to the wide network of auto suppliers focusing on the German manufacturers BMW and Audi whose plants are just across the border, allowing them to leverage the embedded technical knowlege and lower costs in the Czech region.

DACIA HOTSPOT

Automobile Dacia S.A. is a Romanian car manufacturer that takes its name from the historic region that constitutes much of present-day Romania. The Dacia manufacturing plant in Mioveni, Argeș County is currently Europe's fifth biggest car manufacturing facility by volume produced with a total of 412,718 units (cars and CKD kits) delivered in 2013 and 511,465 units in 2014.

MANUFACTURERS: Dacia

NORTH SLOVAKIA HOTSPOT

In April 2007, Kia opened its first plant in Europe, at the initial cost of €1 billion, in Žilina, Slovakia. The eventual capacity of the plant is 300,000 units per year. It is one of the few auto factories in the world that is capable of building up to eight diºerent models on the same line, and build ratios can be tweaked to suit demand.

MANUFACTURERS: Kia

WEST SLOVAKIA HOTSPOT

With the recent annoucnement of Jaguar-Land Rover to open a new plant here, the region will soon be host to four major manufacturers in Bratislava, Trnava, Nitra, and Voderady.

MANUFACTURERS: VW, Audi, Porsche, Peugeot, Citroën, Jaguar-Land Rover

GYŐR HOTSPOT

Audi AG subsidiary company Audi Hungaria Motor Kft. has a large factory in Győr, where the Audi TT sports car, the A3 Cabriolet, A3 Limousine, and many engines (1,913,053 engines in 2007) are built. The factory opened in 1994, at first producing inline-four engines for the Audi marque. Engines are also supplied to other Volkswagen Group marques, but over 90% of Audi vehicle engines are made here. More than 11,400 people are employed in the Audi factory in Győr.

MANUFACTURERS: VW, Audi, Porsche

BUDAPEST HOTSPOT

Magyar Suzuki Corporation is an automobile manufacturing plant, subsidiary of Suzuki, located in Esztergom, Hungary and founded in 1991. Constructed with an investment of EUR 45 million, the plant initially produced 1.0-litre and 1.3-litre Suzuki Swifts, reaching the ten thousandth car in 1993. On 6 October 2006, the plant produced its one millionth car, a five-door second generation Suzuki Swift.

MANUFACTURERS: Suzuki, Mercedes-Benz

NORTH MORAVIA HOTSPOT

Korean car-maker Hyundai opened its European plant in Nošovice, Czech Republic in 2008, following an investment of over EUR 1 billion. The plant has an annual capacity of 300,000 cars. In nearby Kopřivnice, the Tatra factory specializes in heavy trucks and military vehicles. The region is host to a wide array of suppliers serving not only the Czech-based manufacturers, but also the large Ford and Opel manufacturers just across the Polish border.

MANUFACTURERS: Hyundai, Tatra, Fiat, Lancia, Ford, Opel

CZ

PL

AT

IT

SK

HU

RO

RS

HR

BA

BG

SI

MD

UA

DE

Black Sea

Adriatic Sea

N

S

W E

The largest integrated network of premium business parks in Central Europe.

www.ctpark.eu

CTBox (450–800 m2)

The three-in-one functionality of the CTBox concept provides showroom, warehousing and office space in one efficient unit.

CTFlex (1,150–3,000 m2)

CTFlex buildings are multi-purpose facilities pre-built throughout CEE to support diverse business activities.

CTSpace (3,000–20,000 m2)

High-quality, modern warehouses to accommodate the storage, distribution and supply-chain needs of global business.

CTFit (From 5,000 m2)

CTP specialises in custom-built properties and fit-outs to meet even the most demanding, industry-specific requirements.

CTOffice (From 195 m2)

A-class, cost-effective office space developed in strategic locations to support a range of activities.

FI

VE

U

NI

QU

E

DE

VE

LO

PM

EN

T

TY

PE

S

CTPark Network Stand-alone Developments

BOR PLZEŇ

PŘEŠTICE

BLATNICE

TEPLICE

OSTRAVAIQ OSTRAVA

POHOŘELICE

BLUČINA

PREŠOVPOPRAD

LVIV

PÍSEK

KADAŇ

ŽATEC

LOUNY

CERHOVICE

LIBEREC

ML. BOLESLAV IML. BOLESLAV II

ZÁKUPY

AŠ

UH. HRADIŠTĚ

LYSÁ N. LABEM

PRAGUE NORTHPRAGUE EASTPRAGUE WESTPRAGUE AIRPORTEUROPORTBARRANDOV

ZDIBY

DIVIŠOV

PARDUBICE

TÝNIŠTĚ

KVASINYCHEB

HUMPOLEC

JIHLAVA

OKŘÍŠKY

ŽILINA

MARTIN

LIPNÍKN. BEČVOU

HRANICEHLUBOČKY

NOVÝJIČÍN

NOŠOVICE

HRADEC KRÁLOVÉ

HRUŠKYČESKÉ

VELENICE

TURDA

ARAD

MADARAS

TIMIȘOARA

SIBIU

PITEȘTI

BUCHARESTBUCHAREST EAST

BUCHAREST WESTBUCHAREST OFFICE PARK

BRATISLAVA

TRNAVA

VODERADYNITRA

BUDAPEST

ÜLLŐ

MÓR

SZÉKESFEHÉRVÁR

TATABÁNYA

GYŐR

BRNIK

CLUJ-NAPOCA

DEVA IDEVA II

BRNOBRNO SOUTHRETAIL PARK

MODŘICE

PONĀVKASPIELBERK

EAST BOHEMIA HOTSPOT

TPCA Kolín is a joint venture between Toyota Motor Corporation and PSA Peugeot Citroën. TPCA Kolín produces small cars mainly for the European market. Major bus makers Sor and Iveco also have factories nearby deepening the supply chain.

MANUFACTURERS: Toyota, Peugeot, Citroën, Sor, Iveco

MLADÁ BOLESLAV HOTSPOT

Mladá Boleslav is home to Czech power-brand, Škoda Auto, since 2000 a wholly-owned subsidiary of the Volkswagen Group. Škoda’s Mladá Boleslav site is not only home to the brand's headquarters and R&D department, but is also the location of Škoda's largest production facility in the world.

MANUFACTURERS: Škoda Auto

WEST BOHEMIA HOTSPOT

West Bohemia is home to the wide network of auto suppliers focusing on the German manufacturers BMW and Audi whose plants are just across the border, allowing them to leverage the embedded technical knowlege and lower costs in the Czech region.

DACIA HOTSPOT

Automobile Dacia S.A. is a Romanian car manufacturer that takes its name from the historic region that constitutes much of present-day Romania. The Dacia manufacturing plant in Mioveni, Argeș County is currently Europe's fifth biggest car manufacturing facility by volume produced with a total of 412,718 units (cars and CKD kits) delivered in 2013 and 511,465 units in 2014.

MANUFACTURERS: Dacia

NORTH SLOVAKIA HOTSPOT

In April 2007, Kia opened its first plant in Europe, at the initial cost of €1 billion, in Žilina, Slovakia. The eventual capacity of the plant is 300,000 units per year. It is one of the few auto factories in the world that is capable of building up to eight diºerent models on the same line, and build ratios can be tweaked to suit demand.

MANUFACTURERS: Kia

WEST SLOVAKIA HOTSPOT

With the recent annoucnement of Jaguar-Land Rover to open a new plant here, the region will soon be host to four major manufacturers in Bratislava, Trnava, Nitra, and Voderady.

MANUFACTURERS: VW, Audi, Porsche, Peugeot, Citroën, Jaguar-Land Rover

GYŐR HOTSPOT

Audi AG subsidiary company Audi Hungaria Motor Kft. has a large factory in Győr, where the Audi TT sports car, the A3 Cabriolet, A3 Limousine, and many engines (1,913,053 engines in 2007) are built. The factory opened in 1994, at first producing inline-four engines for the Audi marque. Engines are also supplied to other Volkswagen Group marques, but over 90% of Audi vehicle engines are made here. More than 11,400 people are employed in the Audi factory in Győr.

MANUFACTURERS: VW, Audi, Porsche

BUDAPEST HOTSPOT

Magyar Suzuki Corporation is an automobile manufacturing plant, subsidiary of Suzuki, located in Esztergom, Hungary and founded in 1991. Constructed with an investment of EUR 45 million, the plant initially produced 1.0-litre and 1.3-litre Suzuki Swifts, reaching the ten thousandth car in 1993. On 6 October 2006, the plant produced its one millionth car, a five-door second generation Suzuki Swift.

MANUFACTURERS: Suzuki, Mercedes-Benz

NORTH MORAVIA HOTSPOT

Korean car-maker Hyundai opened its European plant in Nošovice, Czech Republic in 2008, following an investment of over EUR 1 billion. The plant has an annual capacity of 300,000 cars. In nearby Kopřivnice, the Tatra factory specializes in heavy trucks and military vehicles. The region is host to a wide array of suppliers serving not only the Czech-based manufacturers, but also the large Ford and Opel manufacturers just across the Polish border.

MANUFACTURERS: Hyundai, Tatra, Fiat, Lancia, Ford, Opel

CZ

PL

AT

IT

SK

HU

RO

RS

HR

BA

BG

SI

MD

UA

DE

Black Sea

Adriatic Sea

N

S

W E