Guinness Global Real Assets Fund on CTP NV
Thesis
CTP is an existing fund holding and a leading listed industrial and logistics property developer in Europe. Guinness notes that its new approximately 16,700-square-metre German lease adds to an expanding portfolio beyond Central and Eastern Europe. The letting provides evidence of ongoing occupier demand for modern logistics space. Its attractive long-run economics depend on converting logistics and industrial development into recurring property income.
“It also points to continued occupier demand for modern logistics space.”
Key risks
- Higher interest rates pressure real-estate valuations and borrowing costs.
- Weaker occupier demand could slow leasing and income growth.