CTP expands partnership with Hisense Group in Budapest

CTP has signed a deal with Gorenje Magyarország Kft. (“Gorenje”), a leading manufacturer in the household appliances sector and part of the Hisense Group, for a new 15,000 sqm facility at CTPark Budapest West in Hungary. The new facility is now under construction and scheduled for completion towards the end of 2025. Gorenje has signed a long-term lease on the building that will serve as a modern energy-efficient central logistics and storage hub, supporting the company’s operations in Hungary and enhancing the efficiency of its supply chain.

Gorenje’s decision to invest in this major new facility at CTPark Budapest West was due to the park’s excellent transport links, amenities and the high-level property management services CTP provides as both a developer and landlord that owns and manages its properties for the long term. Gorenje’s 15,000 sqm facility will meet the highest environmental standards. BREEAM Excellent certification is being targeted, with energy efficiency being delivered via heat pumps, solar power and innovative insulation. A green wall on the building’s exterior will also promote biodiversity and further enhance Park’s overall environmental profile.

András Kiss, Regional Business Development Lead at CTP Hungary, commented: “Given that over two-thirds of our new leases are signed with existing tenants, it’s always a strong vote of confidence in our approach and what our Parks deliver when a partner like Gorenje chooses to grow with us again. Our mission is to provide not just space, but long-term, flexible, and sustainable infrastructure that supports our clients’ continued development, which we can deliver because our long-term relationships mean we understand our clients’ businesses and therefore what they require from their real estate.”

Norbert Füle, MD at Gorenje, added: “It was a natural decision for us to expand at CTPark Budapest West. CTP has consistently provided reliable infrastructure and a professional, responsive approach to our evolving needs. Their commitment to sustainability and long-term partnership aligns with our own values, and this expansion supports both our operational and environmental goals.”