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CTPark Network expands in Hungary & new market Slovenia

CTP has expanded the CTPark Network, with two new locations in Hungary, and a park in new market, Slovenia. The CTPark Network now consists of more than 60 high-tech business parks in seven CEE markets.

Remon Vos, CTP CEO states: CTP continues to seek out opportunities across CEE. Both Hungary and Slovenia are interesting markets for us, and we are receiving requirements from interested investors for space there, and across the network.

Csaba Hegeds, CTP Asset Manager, Hungary, states: CTP is delighted to contribute to the development of the industrial market in Hungary. Both CTPark Gyr and CTPark Mr are key industrial hubs, both servicing the automotive sector.

CTParkGyor

CTPark Gyr, 2.4 ha

CTPark Gyr is located in the Industrial Park of Gyr, located at the eastern gate of the city, directly at the M1 motorway, between Budapest, Vienna and Bratislava. The economy of Gyr is characterized by the presence of AUDI Hungary that has a large local factory to produce car engines. A huge network of local automotive suppliers contribute to the success story of AUDI.

CTParkMor

CTPark Mr, 3.5 ha

CTPark Mr is an assembly warehouse with offices in the local industrial park of Mr, located on the main road no. 81 between major cities of Gyr and Szkesfehrvr in Western Hungary. The neighbourhood of the property includes reputable production facilities of Johnson Controls, LEAR Corporation, SEWS Hungary and Benteler Automotive.

CTPark Ljubljana Airport, 37.3 ha

CTPark Ljubljana Airport is located directly adjacent to the Ljubljana international airport, just 30 km from the Slovenian capital. Ljubljana is a major centre for industry in the region, specialising particularly in the pharmaceuticals, petrochemicals and food processing. CTPark Ljubljana is suitable for a wide range of activities, from manufacturing to R&D and cross-border logistics activities.

Tomas Budar, CTP Regional Director, states, We are closely looking at more opportunities in Hungary and Slovenia, both in terms of acquisitions of existing properties, and organic growth with current and existing clients. We continue to work closely with our new partners in these markets and build our presence there.

CTPs portfolio of A-class industrial properties has lettable area of approximately 3.25 million m² (as of 31st December 2015) and CTPs updated commitment is to grow to 5 million m² by the end of 2018.

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