International investor and developer, CTP, has successfully concluded the purchase of a portfolio of industrial real estate in Hungary. With this acquisition, CTP further increases its footprint in Central Europe, with a TRA exceeding 3,250,000 sqm as of January 2016.
International investor and developer, CTP, has successfully concluded the purchase of a portfolio of industrial real estate in Hungary. With this acquisition, CTP further increases its footprint in Central Europe, with a TRA exceeding 3,250,000 sqm as of January 2016.
Financing partner of the acquisition was UniCredit Group, Hungary.
The portfolio comprises two assets:
- 34,300 sqm logistics warehouse in Budapest at the M0 ring road, now renamed CTPark Üllő.
- 6,203 sqm warehouse and production facility in Tatabánya, 60 km to the west of Budapest on the M1 motorway, now renamed CTPark Tatabánya.
“CTP continues to acquire new properties in strategic locations across Central Europe. Both CTPark Üllő and CTPark Tatabánya are ideally located to suit a wide range of businesses, from logistics and warehousing to back office and light manufacturing. Hungary is an interesting market for us and you can expect more news from our Hungarian team, led by Csaba Hegedűs, in the near future," states Remon Vos, CTP CEO.
CTP´s portfolio of A-class industrial properties has lettable area of approximately 3.2 million sqm and CTP´s updated commitment is to grow to 5 million sqm by the end of 2018.
