CTP signs 260,000 m² of lease deals in Q1 2016
CTP has concluded approximately 260,000 m² in new lease deals in Q1 2016, taking total lettable area within the CTPark Network to 3.5 million m² across 7 CEE markets.
Over 50% of the volume of the transactions, 151,000 m², was concluded in CTPs core market, the Czech Republic. Key activity included the 30,000 m² customization of an existing building signed with German retail chain, Lidl, in CTPark Plzen. Elsewhere, PPG leased 6,000 m² in CTPark Modrice, Autoneum signed an 8,000 m² extension in CTPark Bor, and a confidential client has agreed to take 22,000 m² in CTPark As.
“Take-up in our core market remains strong, and we have seen an increase in requirements from companies from the automotive, electronics and e-commerce sectors. Occupancy stands at over 90%, and we are constructing to meet the growing demand,” states Jaroslav Kaizr, CTP’s Business Director
Leasing activity in Romania also picked up during the first quarter. In total, more than 60,000 m² of new deals were signed in the market. The 15,000 m² lease agreed with OTZ was one of the largest in the country during Q1, with Laboratoarele Fares Bio Vital taking an additional 3,000 m² in CTPark Deva.
“We are registering high demand across Romania, driven mainly by 3PL’s and the manufacturing sector,” states Marian Orzu, Head of Business Development and Leasing Romania
In Slovakia, 19,000 m² was signed during the period, with 10,000 m² going to Lear Corporation in CTPark Voderady and approximately 3,000 m² to Faurecia in CTPark Zilina.
“With the acquisition of CTPark Nitra and CTPark Trnava in Q4 of last year, CTP is ideally positioned to support the growth of the manufacturing and automotive sectors in Slovakia, driven by the announcement of the new Jaguar-Land Rover facility,” states Tomas Budar, Regional Director
In a positive step for CTP, 30,000 m² of lease deals were transacted in Hungary during the first few months of our operations in this new market, the majority of which, 27,000 m², was taken by a confidential client in CTPark Tatabanya.
“We are experiencing a gradual increase in demand for new space in Hungary, which signals that the Hungarian economy is reviving. Companies are growing in confidence and looking for expansion, and this is what we are currently taking advantage of,” states Csaba Hegedus, Asset Manager Hungary
CTP´s portfolio of A-class industrial properties has lettable area of approximately 3.5 million m² (as of 31st December 2015) and CTP´s updated commitment is to grow to 5 million m² by the end of 2018.