CTP to build 35,000 sqm park for Lenovo next to Budapest

01
Oct
2020
News - CTP to build 35,000 sqm park for Lenovo next to Budapest #BTS #Budapest #CTP #development #Hungary #industrial #manufacturing

by Property Forum | Industrial

CTP is building Lenovo's first European plant in Üllő, Pest County, in ctPark Budapest East industrial park. As part of the investment worth more than €18 million, CTP is building Lenovo's first high-tech European plant on nearly 35,000 sqm, the delivery of which is scheduled for spring 2021.


Lenovo's management selected Hungary for the investment after examining several European locations, mainly due to its central location, excellent transportation, well-trained workforce and favourable economic environment.

The investment will create almost 1,000 new jobs in several phases and will deploy state-of-the-art technologies in Hungary, which will allow Hungarian IT professionals to work in a world-class factory. The unit will primarily produce desktop computers, graphic workstations and data centre devices, and this manufacturing facility will be part of Lenovo’s global footprint of 30+ factories around the world.

"We are proud that Lenovo's first European plant will be built by CTP and will begin the production by our cooperation," said Dávid Huszlicska, Business Development Director at CTP:

ctPark Budapest East located in Üllő, 8 km to the South-East of Budapest at the intersection of M0 ringroad and motorway M4, just a few minutes‘ drive from Budapest International Airport, creating an ideal environment for international manufacturing and logistics companies.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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