CTP acquires logistics scheme in Budapest
CTP continued its expansion on the Hungarian market through the acquisition of Rozália Park, a 57,800 sqm logistics scheme directly adjacent the M1 motorway to the west of Budapest. The seller was Challenger.
CTP, which entered the Hungarian market 2 years ago, acquired the neighbouring Westlog last year. Since than it has been rebranded CTPark Budapest West. CTP's portfolio currently stands at 360,000 sqm of lettable area in Hungary but is growing its footprint through acquisitions and the simultaneous construction of new properties in Győr, Tatabánya and Budapest.
The acquisition was brokered by Cushman & Wakefield.