Having made significant incursions into the Romanian and Slovak markets last year, CTP has begun 2016 with an investment in Hungary. Backed by financing from UniCredit Group in Hungary, the Czech-based property company acquired a 34,300 sqm logistics warehouse in Budapest along the M0 ring road which it has renamed CTPark Üllő. The portfolio also included a 6,200 sqm warehouse and production facility 60 km west of Budapest in Tatabánya on the M1 motorway.
“CTP continues to acquire new properties in strategic locations across central Europe. Both CTPark Üllő and CTPark Tatabánya are ideally located to suit a wide range of businesses, from logistics and warehousing to back office and light manufacturing. Hungary is an interesting market for us and you can expect more news from our Hungarian team, led by Csaba Hegedűs, in the near future,” states Remon Vos, CTP CEO.
“We are pleased to cooperate with UniCredit Group, Hungary, on the acquisition of these two assets,” said Radek Zeman, CTP CFO. “The successfully executed acquisition underpins our strategy to grow both organically, and through acquisitions.”
