CTP, the industrial and business park developer, has made two land purchases in strategic areas of Budapest. The first plot is located in Biatorbágy, next to the M1 highway, where CTP already owns 165,000 sqm of leasable space. The second plot is near Dunaharaszti, which is one of CTP’s newest locations. The acquisitions will increase the value of the company’s Hungarian portfolio to €320m by the end of 2018. Construction in both locations is scheduled to start in the second quarter of 2018, and CTP has plans to finish the developments in the first quarter of 2019.
