CTP to accommodate Lenovo’s First European Factory in ctPark Budapest East
The region’s most active industrial real estate developer is building the plant for the strategic investment
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 EUR 18 million, CTP is building Lenovo’s first high-tech European plant on nearly 35,000 square meters, 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 center devices, and this manufacturing facility will be part of Lenovo’s global footprint of 30+ factories around the world.
Dávid Huszlicska, Business Development Director at CTP, stated:
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.
The Dutch-based CTP is one of the largest full-service, high-tech company in Central and Eastern Europe, developing and managing business parks, commercial and industrial real estates. CTP is the owner of the CTPark Network, the largest integrated system of premium business parks in Central Europe, with over 5.8 million sq m of A-Class industrial properties at over 96 strategic locations in six countries. CTP is committed to protecting the natural environment and reducing its carbon footprint. The group is already engaged in large-scale tree plantings and forest recultivations in the region, all of its new buildings will have a roof ready for the installation of solar panels, and the implementation of BREEAM certification is underway for the entire Central and Eastern European portfolio.