by Ákos Budai | Investment

CTP has recently signed an agreement to purchase two logistics sites with a combined floor space of 66,000 square meters from Raiffeisen Group member DAV Property Kft. The new properties acquired using a loan from Raiffeisen Bank Zrt. have increased the total floor space of CTP’s warehouse facilities in Üllő to 100,000 square meters and that of its total Hungarian industrial property portfolio to 135,000 square meters. 


Both Hungary and the region have demonstrated rising demand for new industrial lease property of an appropriate quality and excellent logistics. In addition to simple warehousing functions, an increasing number of customers are looking for property including more complex and personalized technical infrastructure. 
 
"We are pleased to finalise the acquisition of two additional properties in CTPark Üllő, which now totals more than 100,000 sqm of lettable space. The acquisition was made possible thanks to our close cooperation with Raiffeisen Bank, with whom we have a strong relationship in Hungary and across the CEE region. Hungary is a key expansion market for CTP and we look forward to developing our portfolio here in the future." – said Radek Zeman, CTP CFO.