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New Tesco Hungary Logistics Centre

Posted on 4 December, 202431 July, 2025 by David Priestman

CTP, one of Europe’s largest listed developers, owners and managers of industrial and logistics properties by gross lettable area (GLA), has handed over a new 100,000 sqm logistics centre in Hungary to Tesco. Built as part of a greenfield investment spanning 60 hectares near Szigetszentmiklós, the state-of-the-art facility aims to enhance Tesco’s efficiency in serving Hungarian customers, optimise transportation logistics, and significantly reduce carbon dioxide emissions and environmental impact. The centre will fully serve Tesco stores nationwide starting in March 2025.

The nearly 1-kilometer-long logistics complex includes two cold storage halls with variable temperature settings, a dry goods hall, a truck wash equipped with a water recycling system, vehicle repair and forklift service facilities, a gas station, and electric vehicle chargers. By consolidating its storage operations into one centre, Tesco will streamline its supply chain processes and reduce emissions caused by transportation. As part of the investment, road development in the surrounding area has also been completed to ensure uninterrupted and efficient traffic flow for both the local population and the logistics centre.

Sustainability is a key focus of the new development. The facility is powered by renewable energy, with 8,620 solar panels installed, providing a total capacity of 3.75 MW. The building has been awarded an ‘A’ energy rating and is expected to achieve BREEAM certification by the end of 2024. According to Tesco’s calculations, the redesigned logistics operation will reduce annual transportation-related CO2 emissions by 830 tons. Additionally, the complex’s truck wash features a water recycling system, and an irrigation well has been installed to maintain green spaces without impacting the local drinking water supply.

“We are very pleased to take possession of our new domestic logistics centre, which is a huge milestone in the history of Tesco in Hungary,” said Zsolt Pálinkás, CEO of Tesco Hungary. “The retail sector has undergone significant transformation in recent years, with home delivery services, innovation, and sustainability becoming increasingly important. With this environmentally conscious logistics centre, equipped with the most modern technologies, we are better prepared to meet new demands while making progress toward carbon neutrality by 2035. CTP has proven to be an excellent partner, delivering world-class construction and real estate development solutions that support our position as a leader in the Hungarian retail market.”

Dr. Ferenc Gondi, Managing Director of CTP Hungary, emphasized the importance of this project: “The construction of Tesco’s domestic logistics centre in Szigetszentmiklós is a prominent milestone in CTP’s history in Hungary. We believe in becoming an integral part of the communities where our logistics parks are present, and this project reflects our commitment to enhancing quality of life for the local population. Through sustainable and people-centric real estate development, we strive to create transparent and innovative solutions that support economic growth while prioritizing environmental responsibility.”

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Hungary strengthens potential as intermodal hub

Nefab Opens Large Branch in Poland

Posted on 8 August, 202329 July, 2025 by David Priestman

CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased nearly 11,000 sqm of industrial and warehouse space on a five-year agreement to NEFAB Packaging Poland, a provider of comprehensive
packaging and logistics solutions, at CTPark Gdańsk Port, a major new sustainable logistics park that CTP is developing in Gdańsk, Poland.

This move strengthens the company’s presence in the Pomerania region, doubling its warehouse space and significantly expanding its production facility in northern Poland. Within CTP’s building, NEFAB will manufacture various types of packaging, offer cleaning services, and store finished products and semifinished goods. The lease transaction was facilitated by the Querco Property agency.

By Q4 2024 CTPark Gdańsk Port will comprise 117,000 sqm of Grade A, environmentally friendly industrial and logistics space across two buildings, within attractive landscaped spaces. The scheme is named CTPark Gdańsk Port because of its location close to Gdańsk Port, the largest trans-shipment port on the Baltic Sea.

In a strategically important location for production, NEFAB Packaging Poland will establish its largest branch in Poland, taking a five-year lease on approximately 10,300 sqm of industrial and warehouse space and almost 600 sqm of office space. CTPark Gdańsk Port’s proximity to sea, air, road, and rail transport will support the company’s logistics processes and streamline goods distribution. Deliveries will primarily be made within Poland, notably to Northvolt, a company producing energy storage systems and battery modules in Gdańsk, replacing internal combustion engines in industrial machines.

The excellent location, in close proximity to NEFAB’s main client, Northvolt, was a key factor in selecting CTPark Gdańsk Port for further expansion in the Pomeranian region. The multi-stage packaging logistics, transport time, and rapid response capability in unexpected situations also contributed to this decision. According to Artur Karnecki, Managing Director at NEFAB, “Analyzing various offers, we concluded that the chosen location is strategic for the development of our company due to the potential new customers in that area. The decision to select this new location was also influenced by the signing of a contract with our strategic business partner, Northvolt.”

NEFAB Packaging Poland’s dynamic growth is tied to the continuous development of innovative packaging and logistics solutions. The company’s offerings cater to industries such as telecommunications, energy, automotive, datacom, healthcare, and the lithium-ion battery technology sector. The launch of production at CTP Gdańsk Port involves adapting the facility for the assembly of specialized machinery needed to implement innovative packaging solutions that meet customer demands and environmental requirements. The installed machinery will enable NEFAB Packaging Poland to meet strict cleanliness standards for both packaging and products and provide specialized
technologies and machines for new projects.

“Establishing production lines near markets has been a trend that we have been observing for months, which we have responded to by constructing speculative facilities in Poland. We deliver infrastructure that adapts to changing market needs and economic environments, available for immediate occupancy by tenants. This is how we contribute to the growth of national industry and the economy, which is
becoming increasingly independent from production and supplies from other countries, and competing with global export powers. The commercial success of our first business park in Pomerania confirms the success of our investment strategy, and we congratulate NEFAB Packaging Poland on its dynamic growth and the launch of its first production facility in Gdańsk,” says Bogi Gabrovic, Deputy Country Head at CTP Poland.

The first building at CTPark Gdańsk Port, with a total area of 37,000 sqm, is already nearly 70% leased. In May 2023, CTP announced that an international renewable energy developer, distributor, and service provider for the energy industry would occupy 25,400 sqm of space. Now, NEFAB Packaging Poland joins the list of tenants and will launch its operations in the second building, which will be ready for use in the
first quarter of 2024.

“We are pleased that despite the challenging market situation during the initial search phase, we ultimately managed to secure the space in a strategic location, such as the vicinity of the Gdansk port. The key factor in negotiations was not only NEFAB’s current development needs in Poland but also securing the space with potential for further growth in the coming years. We thank NEFAB for their trust and are glad that we could be a part of such significant changes,” explained Marek Boczula, COO at Querco Property agency, which facilitated the leasing process.

CTP’s two-stage investment, providing a total of approximately 117,000 sqm of leasable space, is located between the only deep-water terminal in the Baltic Sea region – Baltic Hub – and the A1 motorway. The high level of transport accessibility, combined with regional investment support of 30% for large enterprises, continues to attract new branches of production to the region.

Raft of Warehouse Deals in Czechia Signed

Posted on 31 May, 202331 July, 2025 by David Priestman

CTP has signed deals totalling 96,000 sqm at five of its logistics CTParks across the Czech Republic since the start of 2023. A range of factors including rising domestic consumption, strong economic growth and the trend for ‘nearshoring’ have led to multinationals continuing to expand their footprint in the country and the wider Central and Eastern European (CEE) region.

Since January, Dr.Max the rapidly expanding Czech headquartered pharmacy business, has taken 27,000 sqm on leases at two CTParks in the Czech Republic. It has signed for 15,800 sqm on a 20 year lease at CTPark Brno Lisen in the south of the country, where Dr Max will also open a pharmacy for the community of businesses at the park. Dr.Max has also leased 11,300 sqm at CTPark Ostrava Poruba for 5 years in the east of the Czech Republic. Dr.Max operates across the CEE region and Italy, with 17,000 employees and 2,500 pharmacies in countries including Poland, Slovakia, Hungry, Bulgaria and Romania as well as the Czech Republic.

Dr.Max is just one example of a multitude of CEE businesses that have benefitted from the fast growth of the region’s economies and middle classes in recent years. CTP published research last month, called ‘CEE: A Business-Smart Region’, that showed the region has shown strong resilience with real GDP growth outperforming Western European markets and the whole of Europe. This trend is set to continue as CEE GDP growth is forecast to grow twice as fast as the Eurozone average between 2023 and 2026. Fuelled by economic expansion, domestic consumption in the CEE has grown by almost 50% since 2010, more than double the rate of the EU-27 average.

The Czech Republic and the wider CEE are also benefiting from the ‘nearshoring’ trend among international businesses. In the first part of this year, a German provider of third-party logistics solutions (3PLs) has signed for 19,000 sqm of space at CTPark Žatec in the north west of the Czech Republic just 30km from the German border. While an Asian manufacturer of IT components has taken 50,000 sqm of space at CTPark Blucina in the south of the country, close to the Austrian border.

Nearshoring has been driven by the pandemic and a changing geopolitical environment increasing supply chain risk and in turn demand for manufacturing closer to home, where products consumed in Europe are increasingly made in Europe. In a recent survey MAERSK identified the Czech Republic as a global top 10 hotspot with Poland ranked in first place and Romania in second.

Jan Žák, CEO of Dr.Max for the Czech Republic said: “The CEE’s strong economic backdrop has supported the expansion of our business and we believe it will continue to do so for many years to come. We value our relationship with CTP because it builds energy efficient logistics properties to suit our needs then continues to own and manage them for the long term. This creates a lasting landlord-tenant relationship because it means CTP has an in-depth understanding of our requirements, which is invaluable as we increase our footprint across the region. We are already tenants at three CTParks in Romania, where we occupy almost 50,000 sqm of space.”

Jakub Kodr of CTP said: “The CEE continues to demonstrate its resilience and dynamism, with the region’s industrial and logistics sector expected to outperform Western and Southern Europe. The fact we have let 100,500 sqm of space in the Czech Republic alone since the start of this year, is further evidence of the economic strength of the region. In Q1-2023 we signed leases totalling 297,000 sqm and two-thirds of these were with existing tenants. This is central to our business model of growing with existing tenants like Dr.Max, providing them with a flexible service tailored to their business, so when they need to expand they do so within our portfolio.”

CTP also attributes its success to being what it calls ‘Parkmakers’ – not just building logistics buildings — but creating vibrant sustainable business ecosystems for people – its clients, their employees, and local communities. Developing industrial space alongside cafes, gyms, convenience stores and more, all close to urban centres, with energy efficient buildings and forest conservation.

Serbia DCs Surge due to Proximity to EU

Posted on 1 February, 202329 July, 2025 by David Priestman

Serbia’s emergence as a manufacturing base with a skilled cost-effective labour force in close proximity to neighbouring EU markets, is driving a surge in DC leasings and built-to-suit developments across CTP’s four industrial and logistics parks in the country.

Petar Kolognat, Head of Business Development at CTP Serbia, said: “The growing outsourcing of Germany’s industrial supply chain to CEE markets, combined with the nearshoring trend, where companies are opting to build resilience into their global supply chains by locating manufacturing closer to their main markets, is generating strong demand for industrial and logistics space along the axis of CTP’s core markets from the Czech Republic to Romania, but it is also resulting in upward pressure on wages and other costs. Serbia’s position outside the European Union means it is highly competitive on labour costs, with a skilled workforce strategically located next to neighbouring EU markets. International companies are increasingly taking note of these advantages, encouraged by supportive government policies. We are seeing a growing number choosing to locate in Serbia and in CTParks, which offer the most modern and sustainable production and logistics facilities and broadest network available in this market.”

Significant CTP Serbia Leasings in 2022

In the fourth quarter of 2022, German multinational and engineering company Bosch took delivery of a 20,000 sqm built-to-suit facility in CTPark Belgrade West to produce motors for electronic window lifters and Milšped, the leading 3PL group, leased 16,000 sqm at the same location. CTP also handed over a 26,500 sqm BTS building to Japanese electromotors giant Nidec at CTPark Novi Sad in Serbia’s second largest city. Total developments of 60,000 sqm are due to be fulfilled for Nidec and its sister company Nidec-Elesys at CTPark Novi Sad.

At CTPark Kragujevac in central Serbia, Chinese automotive supplier YanFeng has signed a leasing agreement for a third production unit of 30,000 sqm, where construction started in December 2022. Meanwhile in CTPark Belgrade North, around 25,000 sqm of the planned total development of 100,000 sqm at the park was completed last year and Slovenian 3PL InterEuropa, the leading supplier of complete logistics services in Serbia and south eastern Europe, took a lease on 14,400 sqm of space. The facility will be used as a regional distribution centre for EU markets by Gorenje – Hisense, a manufacturer of household appliances.

CTP is also progressing with the development of CTPark Belgrade City, located in the largest municipality in the capital, less then 5 km to the city centre and only 5 km from Belgrade Airport. The location is ideal for small and medium-sized enterprises in the FMCG, Pharmaceutical, E-commerce and last-mile logistics sectors owing to its inner-city location, along with excellent connections to the highway and surrounding urban traffic arteries. The first phase of the programme will be completed by the end of this year, with units starting from 2,500 sqm including showroom, office, and warehouse space.

Marko Ivovic, Plant Manager at NIDEC, said: “It was a pleasure to journey, together with CTP, from zero to almost 27,000 square metres in the construction of the first Nidec factory in Serbia. We have managed to build a strong partnership between these two companies, milestone after successful milestone, finishing the first phase of our investment on time, and staying in constant communication with our partners from CTP. Very soon, the time for a further expansion of Nidec Electric Motor Serbia will come and I look forward to cooperating with the local team of CTP again.”

CTP is Continental Europe’s largest listed owner, developer and manager of logistics and industrial real estate by GLA, owning over 9.9 million sqm of space across 10 countries. CTP certifies all new buildings to BREEAM Very good or better and earned a ‘Low-Risk’ ESG rating by Sustainalytics, underlining its commitment to being a sustainable business.

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