ARTICLES LABELLED WITH TAG development

CTP is on a good track to deliver more than 100,000 sqm premium category industrial space on the Budapest market in the next 12 months.

Atenor has signed an agreement, relating to the acquisition of a plot in the 11th district of Budapest, Hengermalom út 18., with an area of 5,711 sqm.

Czech investment group Accolade aims for the Slovak market. Investment in two logistic halls near Košice airport will open Accolade´s fourth market. Thanks to the strategic location, tenants will have good access not only to the east of Slovakia but also to Hungary, Poland, and Ukraine. The halls will cover the area of 36 000 sqm from the total disposable area of 75 000 sqm. The total value of the buildings is CZK 750 million.

Millennium Gardens, TriGranit’s newest office development in Budapest, is already under the structural construction phase. Structural works of the office building with over 37,000 sqm GLA, is being carried out by Bayer Construct Zrt. The project will be the final element of Millennium City Centre with completion in Q2 2021.

In Wrocław, Panattoni Europe has completed phase one of City Logistics Wrocław I, with 36,700 sqm built and fully leased, and as of August works are starting on phase two – to deliver an additional 25,000 sqm. The facility tailored to the needs of tenants seeking small units will be ready in Q1 2020.

Ceetrus Romania has completed the third phase of the Coresi Business Park office project, following an investment of €14 million.

Prologis has begun construction of two build-to-suit (BTS) facilities totalling 40,000 square meters in Prologis Park Wrocław IV.

Panattoni Europe is building 90,000 sqm of space across three parks the outskirts of Poznań – in Jaryszki (Panattoni Park Poznań VII), Komorniki (Panattoni Park Poznań IV), and Swadzim (Panattoni Park Poznań IX), with 200,000 sqm more planned. The developer is also investing in Cuiavia-Pomerania. Construction works at Panattoni Park Toruń II with more than 62,500 sqm are about to start in the coming July. The distribution centre will be put into operation as soon as Q1 2020.

One United Properties has completed the concept of its new office project One Cotroceni Park.  The new project can offer a floorplate up to 8,000 sqm, addressing companies in search of a headquarter efficiency solution.

Developments in Serbia, the newest country in the CTPark Network, are fully underway. CTP is developing Class A properties around the capital Belgrade and other regional cities to respond to the growing demand in this new CEE business hotspot.