Industrial developer CTP has leased over 100,000 sqm of logistics space across its Hungarian projects to a Korean company specialised in automotive logistics.
The company has selected CTPark Budapest West as the location for its distribution centre within the park’s building complex of nearly 300,000 sqm floor space, making it the largest CTPark in Hungary and the sixth largest in the CTPark network. The industrial park is located next to the town of Biatorbágy at the M1 highway, in the vicinity of the M0 ring road and only 15 kms from Budapest city centre.
The supplier is also extending its existing space at the CTPark Komárom business park. This project is only 40 kms from the Audi factory in Győr, 85 kms to Budapest, 80 kms to Bratislava and 150 kms to Vienna.
"The CEE, and Hungary especially, is becoming an increasingly strategic location for the automotive industry. We are thrilled that our existing business partner has selected our CTParks across Hungary to grow its operations in the sector. Not only is CTPark Budapest West the largest CTP Park in Hungary, it is exceptionally well-connected and offers state-of-the-art facilities and progressive sustainable credentials, an astute choice for our client’s new distribution centre," says Ferenc Gondi, Managing Director of CTP Hungary.
Eurostat data shows that car production in the CEE has increased by almost 50% over the past eight years, reflecting the Foreign Direct Investment (FDI) inflows and illustrating the strength of the CEE region as the leading production location in Europe.
Across the CEE-6 market there are 33 car manufacturing plants, and the region surpassed Germany in nominal car production in 2022.
