9 November 2026 — CEEC member CTP N.V., Europe’s largest listed developer, owner and operator of logistics and industrial real estate by gross leasable area, has agreed terms to acquire 100% of the South-East Asia Logistics Partners (SLP) portfolio and operating platform in Vietnam for approximately US$500 million.
SLP, owned by global alternative investment manager Ares Management Corporation, is an established local platform. Upon completion, the proposed transaction would give CTP income-generating assets, a substantial development pipeline and an experienced local team, providing immediate scale in Vietnam and supporting its broader Asian expansion.
The acquisition comprises seven existing assets totalling 504,000 sqm of net leasable area (NLA) and six development sites with potential to deliver approximately 585,000 sqm. Together, these would bring the acquired portfolio to approximately 1.1 million sqm upon full development. Construction has already started on two of the six development sites, which will deliver 140,000 sqm of Grade A industrial and logistics space.
With 59% of the portfolio located in northern Vietnam, the acquisition would provide exposure to manufacturing clusters around Hanoi, Bac Ninh and Hai Phong. The remaining 41% is in southern Vietnam, serving the industrial and consumer markets surrounding Ho Chi Minh City.
The portfolio includes established clients such as J&T Express, Shopee Express and Nippon Express, alongside a leasing network in China. More than 55 employees across development, leasing, asset management and property management would join CTP as part of the proposed transaction.
CTP entered Vietnam in early 2026 through the acquisition of two development sites with potential to deliver around 210,000 sqm of NLA. Its expansion is driven by demand from European and Asian clients seeking to diversify their supply chains and expand production and logistics operations in Vietnam.
Remon Vos, CEO of CTP, commented: “Many of our clients are now seeking expansion beyond China for their production facilities as part of China Plus One strategies to diversify their supply chains. Vietnam is a natural location for this, so it makes strategic sense for us to expand here and extend CTP’s offer to our global client base.”
Maarten Otte, CIO of CTP, described the proposed acquisition as an opportunity to accelerate CTP Asia through an established local operating platform. The transaction aligns with CTP’s disciplined capital allocation strategy, focused on strong cashflow generation and attractive risk-adjusted returns.
Completion remains subject to satisfaction of agreed conditions, including applicable regulatory approvals, and is expected in the coming months.