CTP expanding in Hungary around Budapest

Low vacancy rates around Budapest have convinced industrial developer CTP to expand its network for the area. To achieve this, it acquired roughly 35 ha of additional land in order to build new facilities for its clients. Currently, it has more than 66,000 sqm of modern industrial space in development around the city: CTPark Budapest West 43,000 sqm and CTPark Budapest South 23,000 sqm. In 2019, the company expects to begin construction on 60,000 sqm of new space, bringing its total volume to be started or delivered to 160,000 sqm.