Multiple Developments Under Construction in Hungarian markets

#Corporate #CTParks

21. 01. 2019
CTP in Hungary meets its clients’ needs by expanding its industrial portfolio.

In CTPark Budapest West, CTP is building the next phase of the park: a 32.000 m2 speculative building with approximately 19.000 m2 already booked by the new tenants. In CTPark Budapest South we are moving forward with the speculative construction for our first building in this location, a 22.000 m2 building.

Due to tenant relocations in CTPark Budapest East we have approximately 23.500 m2 which became vacant at year end but we have new deals agreed for 14.000 m2 and are expecting to sign the remaining vacant space shortly. In Q1 2019 we plan to start developments of new space in CTPark Budapest East, in the first phase 20.000 m2 with the total of 80.000 m2 still buildable in the future.

Dana Hungary (major Audi supplier) have requested a 9.000 m2 extension to their 15.000 m2 facility which we recently built in CTPark Arrabona in Győr.