CTP signs 260,000 sqm of lease deals in Q1 2016 – EuropaProperty

CTP has concluded around 260,000 sqm in new lease deals in Q1 2016, taking total lettable area within the CTPark Network to 3.5 million sqm across 7 CEE markets.

Over 50 percent of the volume of the transactions, 151,000 sqm, was concluded in CTPs core market, the Czech Republic. Key activity included the 30,000 sqm customization of an existing building signed with German retail chain, Lidl, in CTPark Plzen. Elsewhere, PPG leased 6,000 sqm in CTPark Modrice, Autoneum signed an 8,000 sqm extension in CTPark Bor, and a confidential client has agreed to take 22,000 sqm in CTPark As.

“Take-up in our core market remains strong, and we have seen an increase in requirements from companies from the automotive, electronics and e-commerce sectors. Occupancy stands at over 90 percent, and we are constructing to meet the growing demand,” commented Jaroslav Kaizr, CTP’s Business Director.

Leasing activity in Romania also picked up during the first quarter. In total, more than 60,000 sqm of new deals were signed in the market. The 15,000 sqm lease agreed with OTZ was one of the largest in the country during Q1, with Laboratoarele Fares Bio Vital taking an additional 3,000 sqm in CTPark Deva.

“We are registering high demand across Romania, driven mainly by 3PL’s and the manufacturing sector,” said Marian Orzu, Head of Business Development and Leasing Romania,.

In Slovakia, 19,000 sqm was signed during the period, with 10,000 sqm going to Lear Corporation in CTPark Voderady and approximately 3,000 sqm to Faurecia in CTPark Zilina.

“With the acquisition of CTPark Nitra and CTPark Trnava in Q4 of last year, CTP is ideally positioned to support the growth of the manufacturing and automotive sectors in Slovakia, driven by the announcement of the new Jaguar-Land Rover facility,” said Tomas Budar, Regional Director

In a positive step for CTP, 30,000 sqm of lease deals were transacted in Hungary during the first few months of our operations in this new market, the majority of which, 27,000 sqm, was taken by a confidential client in CTPark Tatabanya.

“We are experiencing a gradual increase in demand for new space in Hungary, which signals that the Hungarian economy is reviving. Companies are growing in confidence and looking for expansion, and this is what we are currently taking advantage of,” commented Csaba Hegedus, Asset Manager Hungary.