Perfumery Douglas Joins CTP’s City Logistics Park in Budapest

International perfumery and cosmetics chain Douglas has signed a long-term lease agreement for 964 sqm of office and logistics space at CTPark Budapest Office Campus. As part of the lease, Douglas will take over 165 sqm of office space and 797 sqm of warehouse space at CTP’s city logistics hub for Budapest, allowing the company to centralise its storage and office operations at a single, highly accessible location.

Prime location played a key role in securing the agreement. Located in Budapest’s 9th district, CTPark Budapest Office Campus is a modern, high-quality, and cost-efficient mixed-use development offering office and warehouse facilities in one place. Unlike most logistics parks servicing Budapest, which are typically situated outside the Hungarian capital’s M0 ring road, CTPark Budapest Office Campus is located within the city, combining the advantages of urban logistics with the comprehensive service offering of a traditional logistics park.

CTP’s strong commitment to sustainability is reflected across its entire real estate portfolio, most of which holds BREEAM certification. The facility leased by Douglas at CTPark Budapest Office Campus is located in a building rated BREEAM In-Use Excellent. As a long-term property owner and developer, CTP also ensures the ongoing modernisation and maintenance of its facilities. As part of CTP’s renewable energy program, solar panels will be installed on the building’s roof this year, and the heating, cooling, and building management systems will be fully upgraded.

“The newest tenant at CTPark Budapest Office Campus is Douglas, which operates a market-leading perfume store network internationally and maintains a strong presence here in Hungary,” states Ferenc Gondi, Managing Director of CTP in Hungary. “What makes this especially notable is that Douglas has chosen to move to the jewel of our city logistics network—CTPark Budapest Campus—and not to one of our larger logistics parks servicing the capital city. This reinforces the important role that city logistics plays within our diversified portfolio.”