Prague-based investor-developer CTP has acquired two logistics sites in Hungary as it continues to grow its portfolio in Central and Eastern Europe.
Prague-based investor-developer CTP has acquired two logistics sites in Hungary as it continues to grow its portfolio in Central and Eastern Europe.
The transaction comprises a 34,300 m2 warehouse on Budapest’s ring road and a 6,200 m2 warehouse and production facility in Tatabánya, 60km to the west of the capital.
The two assets increase the total rentable area of CTP’s assets in the CEE region to 3.25 million m2, with the company committed to a target of 5 million m2 by the end of 2018. Financing was provided by UniCredit Group.