23. 10. 2018

Hungarian Clients Prolong Contracts with CTP

CTP currently has 10 industrial parks, with expected total lettable area to reach 515,000 m² by year end, including current projects under construction, and over 250,000 m² of future development potential.

CTP entered the Hungarian market only a few years ago and has, through both strategic acquisitions and rapidly building new space, become 2nd on the market, with approximately 18% market share.

As a sign of the quality of CTP services, a number of clients decided recently to prolong their contracts. In CTPark Budapest West Gebrüder Weiss decided to continue to operate its logistics business in its current 17,000 m² facility.  In the other CTP site in Budapest, CTPark Budapest East, global manufacturing company eMag agreed to prolong its lease of 12,000 m². Not far from Budapest in CTPark Székesfehérvár our long term client Gealan decided to expand its operations with another 5,000 m² in the park. DB Schenker is also moving in, renting 15,000 m².

CTP’s strategy has been to focus in the north east part of the country—on the Budapest market, and on the main corridor connecting the capital city to points west. These regions are the most developed in the country, and are home to 8 of the country’s 17 universities. In late 2017 and in July 2018 we acquired sites at strategic locations south of the capital as part of our growth plan.

As the country continues to grow along with other CEE countries, the government is putting in place programmes to attract foreign investors. CTP is keeping pace with current high demand on the market and is working with both current and prospective tenants to overcoming their hurdles by providing services, such as CTP Shuttle Buses, to be introduced shortly in multiple Hungarian locations. CTP also further addresses sustainability and safety issues, such as energy-efficient LED lighting systems, overhead sprinklers, fire-resistant, high load-bearing concrete frames, thermal facades and roofing.

Sign up to our newsletter

    Stay up to date with CTP’s latest developments, industry insights, and exclusive offers by signing up for our newsletter. Join our community and be part of the future of industrial real estate.

    Property finder

    Featured properties View All Properties

    Arrow CTP NV €16.4 CTP Icon FIND PROPERTYCircle Arrow CTP AR Is Out

    Commercial Contact

    Linkedin

    Park Address

    Get Offer

      Requirements