CTP Partners with Grammer Jifeng for New Facility in Europe

CTP Teams Up with Grammer Jifeng for Modern Facility

CTP, recognized as Europe's largest listed developer, owner, and manager of industrial and logistics properties, has embarked on an exciting new project. The company has entered into an agreement with Grammer Jifeng Automotive Seating CZ to construct a state-of-the-art 21,000 sqm manufacturing and testing facility at CTPark Cheb.

Grammer Jifeng’s Focus on Innovation

Grammer Jifeng Automotive Seating CZ is known for producing advanced interior components for the automotive sector, catering specifically to prestigious car brands. The building of this new facility at CTPark Cheb is anticipated to be operational by late 2025. This project is a significant step in the merger of Grammer AG and Ningbo Jifeng Auto Parts Co. Ltd., enhancing their shared objectives of innovation and quality in automotive components. Presently, both companies occupy over 72,000 sqm of designated space within CTP’s portfolio in the region.

Strategic Location of CTPark Cheb

CTPark Cheb boasts a prime location, nestled near the German border, making it an excellent choice for businesses within the automotive industry. The area has a rich industrial legacy and offers a skilled labor pool that is well-suited to meet industry needs. Additionally, the Park provides direct motorway access to Germany, reachable within a mere 10 minutes, placing major multinational automotive companies within easy reach.

Facilities and Employment Growth

The new factory being established by Grammer Jifeng will house specialized laboratories, testing facilities, and storage spaces, all built to meet high technological and environmental standards. Surrounding the facilities will be beautifully landscaped grounds, ensuring a pleasant working environment.

Carsten Winkelbach, the Managing Director of Grammer Jifeng Automotive Seating CZ, expressed enthusiasm regarding this venture, stating, "This partnership with CTP allows us to scale our capacities according to our customers' increasing demands. Cheb’s strategic positioning near the German border is beneficial for easy access to international markets and supplier connections. We value CTP’s adaptable approach, tailored to our requirements. This project will also create up to 433 new jobs, positively impacting the regional economy."

Tailored Solutions for Industry Needs

Jakub Kodr, Head of Business Development in the Czech Republic, shared his perspective on the collaboration, noting, "Our partnership with Grammer Jifeng Automotive Seating CZ has been fantastic. The decision to establish the facility at CTPark Cheb arose from a thorough analysis of the local labor market, leading them to select the Park not only for its strategic location but also for the skilled workforce and our understanding of their specific needs. This will ensure that we deliver the facility according to their precise requirements."

About CTP

CTP is Europe's leading owner, developer, and manager of logistical and industrial real estate, boasting a gross lettable area of 12.6 million sqm across ten countries. CTP is committed to sustainability, ensuring all new buildings receive a BREEAM Very Good rating or higher, and proudly maintains a negligible-risk ESG rating from Sustainalytics. For further details about CTP, please visit their corporate website.

Frequently Asked Questions

What is the purpose of the new facility at CTPark Cheb?

The new facility will serve as a manufacturing and testing warehouse for Grammer Jifeng Automotive Seating CZ, focusing on producing automotive interior components.

When is the new facility expected to be operational?

The anticipated operational date for the new facility is late 2025.

How does this project impact job creation?

CTP’s collaboration with Grammer Jifeng Automotive Seating CZ is projected to create up to 433 new jobs in the region.

Why is CTPark Cheb a strategic location?

CTPark Cheb is strategically located near the German border, providing direct access to major markets and a skilled labor force, essential for the automotive industry.

What commitment does CTP have towards sustainability?

CTP is committed to sustainability, ensuring all new developments achieve at least a BREEAM Very Good rating, reflecting its dedication to high environmental standards.

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