CTP Develops Logistics Property for Westenergie

CTP, developer and owner of logistics and industrial properties, is developing a customized build-to-suit logistics property for Westenergie AG, the largest subsidiary of E.ON SE. This property is located in CTPark Mülheim in North Rhine-Westphalia, at the border of the cities of Duisburg and Essen.

(Berlin/Mülheim an der Ruhr) The project highlights the development of CTPark Mülheim as a significant high-tech business park that is already attracting leading companies before its completion. CTP acquired the 335,000 sqm site at the end of 2023 from the French multinational manufacturing company Vallourec. The developer is transforming the area, which previously housed an industrial rolling mill, into an innovative, modern business park. This will provide more than 160,000 sqm for research and development, laboratories, co-working spaces, as well as industrial and logistics areas for companies in growth-oriented, technology-driven sectors such as life sciences and IT manufacturing.

Long-term Lease of 12,000 sqm

The new property of Westenergie AG will encompass a rental area of approximately 12,000 sqm, which the company has leased long-term. Two metering business units from Essen-Kettwig and Mülheim will be relocated to the new building. The new location will also include modern workplaces, a logistics center for metering technology, and a state-recognized testing facility for measuring devices.

CTPark Mülheim is located in the heart of the Rhine-Ruhr metropolitan region, one of the largest urban areas in Europe. It has excellent connections to the A2, A3, A42, A52, and A59 motorways. This allows for quick access to major cities and economic centers such as Düsseldorf, Duisburg, Dortmund, and Essen. The park is also close to the neighboring countries of Belgium and the Netherlands, making the major ports of Amsterdam, Antwerp, and Rotterdam easily accessible.

Bernd Böddeling, Senior Vice President Energy Networks Germany at E.ON and Chairman of the Board of Westenergie AG, explains: “With the new building in Mülheim, we are creating the conditions for further growth in a dynamic region, where the outstanding location and connectivity speak for themselves.”

Strong Signal for the Location

Marc Buchholz, Mayor of the city of Mülheim an der Ruhr, comments: “The establishment of E.ON in the new industrial and commercial park is a strong initial signal for the location and clearly demonstrates the attractiveness of the region for growth-oriented companies. We are very pleased to welcome a renowned international player like E.ON to Mülheim.”

Timo Hielscher, Managing Director M&A at CTP Germany, says: “The planned new location of E.ON subsidiary Westenergie in Mülheim an der Ruhr is a success for both the region and CTP, and shows that we have the right instinct when it comes to identifying outstanding locations. The Rhine-Ruhr region has great appeal and still has much potential that we want to tap into with the new business park. Another advantage for the municipality is that we do not have to use ‘greenfield’ sites for the new areas, but can utilize and redevelop existing ones. We thank E.ON and the city of Mülheim an der Ruhr for their support and look forward to further collaboration.”

Installation of a Photovoltaic System Planned

As part of a sustainable and resource-saving construction approach, CTP aims for a DGNB Gold certification for CTPark Mülheim. Additionally, the installation of a photovoltaic system is planned to ensure a fossil-free energy supply. The completion of the project is scheduled for the third quarter of 2027. The development of the project involves, among others, the real estate company Brockhoff & Partner and the city of Mülheim an der Ruhr.

Photo: © Helena Grebe, Stadt Mülheim an der Ruhr / Image caption (l. to r.): Back: Tobias Altenbeck (Managing Director, Brockhoff GmbH), Lars Satthoff (Regional Construction Director North, CTP Germany), Dr. Marc Stienemann (E.ON Corporate Real Estate Management), Marc Buchholz (Mayor, Stadt Mülheim an der Ruhr), Felix Blasch (Department Head for Environment, Climate, Construction, Urban Planning and Economic Development, Stadt Mülheim an der Ruhr); Front: Bernd Böddeling (E.ON / Westenergie AG), Timo Hielscher (Managing Director M&A, CTP Germany)