Erste Bank Hungary together with Erste Group Bank AG acted as Arrangers, while Erste Bank Hungary acted as Facility and Security Agent. The financed assets are modern facilities in CTPark Budapest West and CTPark Budapest East and are designed following the highest sustainability standards and boast excellent energy performance, which is also illustrated by their A+++ and A++ EPC ratings. A major part of the energy consumption is supplied by rooftop solar panels.

"The Erste loan allows us to free up capital and reinvest in new developments to realize our ambitious development plans. We have a long-standing relationship with Erste and value the cooperation. Their backing is a testament to our robust business strategy and track record in the CEE industrial and logistics market. CTP has long been a pioneer in the development of sustainable industrial and logistics space, which is appreciated by our banking partners”, said Richard Wilkinson, CTP`s Chief Financial Officer.

CTPark Budapest East is located in Üllő, 8 km to the South-East of Budapest, at the intersection of M0 ring road and motorway M4, and just a few minutes drive from Liszt Ferenc International Airport, while the location of CTPark Budapest West in Biatorbágy plays a crucial role in facilitating trade between Budapest and Western Europe. 

Several major international companies have chosen CTP’s full-service industrial & logistics parks for their operation. The financed assets have a total area of nearly 155,000 sqm and an occupancy rate close to 100%.

“We are very pleased to start 2024 with this new financing to CTP, supporting their growth plan to reach 20 million sqm of leasable area by the end of the decade.” said Balazs Gal, Director at Erste Group Bank AG, and adds: “This deal is an example of excellent communication and teamwork between our real estate business, risk, legal, treasury, technical advisory, valuations and operations teams in Budapest and Vienna, evidencing the success of our colleagues and Erste as a leading CEE banking group.

"This partnership is not only a successful business transaction between Erste Group and CTP but also our commitment to the importance of sustainability and green-qualified financings. The project is not just about the realization of an industrial and logistics park but also an expression of our shared commitment to a more sustainable future. We are very proud to be part of the latest chapter of CTP's history." emphasized Gyorgy Salamon, Head of Department, Real Estate Finance at Erste Bank Hungary.