CTP has significantly expanded its portfolio both across the region and in Hungary in recent years. In response to brisk local demand, the company plans to prepare speculative developments of premium industrial space totalling 150,000 sqm in the Hungarian market in 2020. These projects will affect nearly all the industrial parks of local CTP.
The industrial parks owned by CTP are located at highly visible and easy-to-access strategic sites featuring high-quality infrastructure. As a result, they offer excellent opportunities to investors. The projects and deliveries scheduled for 2020 to meet tenant demand will be as follows:
“Last year’s successful acquisitions and our ambitious goals for 2020 speak for themselves. These offer opportunities for us to pave the way for fast and successful market expansion. Being an active developer in a lessors’ market with a very low vacancy rate, CTP wants to realize these industrial development projects as soon as possible”, said Rudolf Nemes, Country Manager of CTP in Hungary.
2019 was a highly successful year for CTP. The company reinforced its market presence delivering more than 72,000 sqm of premium category industrial property. Its current portfolio includes a total floor space of nearly 500,000 sqm with an estimated asset value of €300 million due to ongoing construction and development. In addition to increasing the value of its assets, CTP also plans to grow its headcount continuously.
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