CTP acquires Westlog DC in Hungary

25 November 2016

CTP has acquired Westlog Distribution Centre near Budapest. The deal added an additional 82,000 sqm to CTP’s Hungarian portfolio. The company carried out the acquisition with the support of its financial partner, K&H Bank. CTP entered the Hungarian market at the end of 2015 and has grown mainly through acquisitions, working with local banking partners, to develop a portfolio of 220,000 sqm. Currently, CTP is developing nearly 50,000 sqm for various clients at its Hungarian parks and plans to grow its portfolio through new builds and acquisitions to 500,000 sqm by 2018.

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