Industrial developer CTP Hungary has signed a 10-year lease agreement with Zoomlion, which will see the Chinese producer of manufacturing equipment invest €100 million in a new manufacturing facility at CTPark Tatabánya.
The 35,000 sqm facility will be tailored to Zoomlion’s specific requirements and will include a 20,000 sqm testing zone.
“We chose CTPark Tatabánya as the base for our operations because CTP offers high-quality, sustainable properties and services, allowing us to fully focus on our production and logistics activities,” said Wang Yongxiang, Co-President of Zoomlion. He added that the company will service both local and European customers with greater efficiency and convenience.
CTPark Tatabánya is located in one of Hungary’s fastest-growing economic hubs, making it an attractive location for businesses looking to expand their operations in the region. The location offers excellent connectivity to major transit routes linking Eastern and Western Europe, as well as proximity to key markets in Budapest, Bratislava, and Vienna.
“Their addition to our tenant community marks another milestone in building partnerships with globally renowned companies. I emphasize the term partner because CTP’s strategic goal is to foster long-term collaborations, enabling mutual growth and success,” said Dr. Ferenc Gondi, Managing Director of CTP Hungary.
CTP owns 12.6 million sqm of leasable space across 10 countries as of September 2024.
