CTP’s Hungary becomes market leader in the domestic logistics market with newly completed developments

Budapest, June 25, 2021 – CTP has increased its portfolio to 664,000 m2 of gross rentable space with its latest development in Biatorbágy, which has given it a market leading position in the logistics real estate market in Hungary. The company is continuously developing its industrial parks with 235,000 m2 of new stock work currently under construction, and an additional 322,000 m2 planned to begin in the near future, all of which will be built to CTP’s high sustainability standards.

CTP has been growing dynamically since entering the market in 2015. Fo-cused on speculative developments, the company can meet unique ten-ant needs through its high-quality warehouse and industrial units. To-gether with the 30,000 square meters development delivered at the end of June in Biatorbágy, it increased its domestic portfolio to 664,000 m2 gross rentable area in 11 locations (98% of which has already been leased) and be-came a market leader in Hungary. Sixty percent of the developments cur-rently under construction—or 141,000 m2 total—have already been pre-released. The plans for 2022-2023 will apply to an additional 322,000 square metres of development, of which 10% is already leased.

About CTP

CTP is a top five industrial property developer and manager in Europe and the largest in the CEE region, holding over 6.3 million m² of GLA. The Group continues to gain more market share across all its countries of operations and is on track to have 10 million m² by 2023. With its entire portfolio BREEAM certified, CTP claims to be the most sustainable developer in the region and is on track to be verified carbon neutral in 2021. In 2020, CTP received investment grade ratings from S&P (BBB- with outlook stable) and Moody’s (Baa3 outlook stable) and in March 2021, CTP had a successful IPO on Euronext Amsterdam which stands as the largest real estate IPO in Europe since 2014. In May 2021, Sustainalytics ranked CTP NV as one of the best 1.5% companies in terms of ESG (Environment, Social and Governance) score.

For more information, see https://ctp.eu