Multiple Developments Under Construction in Hungarian markets

In CTPark Budapest West, CTP is building the next phase of the park: a 32.000 m² speculative building with approximately 19.000 m² already booked by the new tenants. In CTPark Budapest South we are moving forward with the speculative construction for our first building in this location, a 22.000 m² building.

Due to tenant relocations in CTPark Budapest East we have approximately 23.500 m² which became vacant at year end but we have new deals agreed for 14.000 m² and are expecting to sign the remaining vacant space shortly. In Q1 2019 we plan to start developments of new space in CTPark Budapest East, in the first phase 20.000 m² with the total of 80.000 m² still buildable in the future.

Dana Hungary (major Audi supplier) have requested a 9.000 m² extension to their 15.000 m² facility which we recently built in CTPark Arrabona in Győr.