“This enables the company to consolidate its operations into a single, large-scale modern facility, designed to meet its specific requirements. The park’s location provides easy access to skilled labor and urban infrastructure. The recently signed landmark deal of 80,000 sqm and the first phase’s 75,000 sqm GLA is a clear indicator of strong pre-let interest in the sub-market from occupiers, seeing opportunity in high-quality industrial and logistics space,” says CTP.
All buildings at the park, situated some 19 km southwest of the center of the capital, will incorporate the latest sustainability technologies. Energy efficiency features will include thermal insulation, LED lighting, and PV panels supporting long-term sustainability. Green facades will enhance biodiversity and elevate the park’s design, according to CTP.
In a separate deal, iLogistic, now part of GLS but continuing to operate under its own brand name, has signed a long-term lease agreement for an additional 5,000 sqm at CTPark Budapest West in Biatorbágy (21 km west of central Budapest). The company now operates across 15,500 sqm. This continuous expansion is driven by the dynamic growth of e-commerce and increasing customer demands.
This latest expansion at Budapest West represents a 30-fold increase since the company’s launch in 2018, when it began operations in the park with just 500 sqm. iLogistic’s core business is providing fulfilment solutions for e-commerce companies, full-scale logistics services for online retailers, including warehousing, order management, and delivery.
The company’s growing client base and the continuous expansion of order volumes have created a need for additional space, prompting CTP to prepare a development that includes premium office functions, the company says.
According to CTP, more than two-thirds of new leases every year are with existing clients choosing to expand across its business park network. The firm is the largest listed owner, developer, and manager of logistics and industrial space in Europe, with 13.5 million sqm of assets as of this summer, according to its figures.
In Hungary, CTP operates 16 parks totaling around 1.1 million sqm of stock with a further 180,000 sqm of pipeline under development. All new developments are constructed to at least BREEAM “Very Good” accreditation standards.
Confidence is steadily returning across CEE real estate markets, with investor sentiment shifting from cautious optimism to pragmatic execution, according to the latest insights from the CEE Investment Scene Q1-Q3 2025 publication by Colliers.
The region continues to demonstrate resilience and opportunity, supported by moderating inflation, solid household consumption, and strong employment levels. Investment volumes across the CEE-6 (Bulgaria, the Czech Republic, Hungary, Poland, Romania, and Slovakia) exceeded EUR 7 billion in the first three quarters of 2025, a 38% year-on-year increase. The forecast for the year is EUR 10.7 bln.
The majority of capital flows were directed to the Czech Republic and Poland, together accounting for more than 70% of total activity. Hungary and Slovakia also recorded strong rebounds, with the investment volume for the former tripling year-on-year, according to Colliers.
“Geopolitical risks persist, yet the region is increasingly viewed as one of opportunity. Bulgaria’s forthcoming Eurozone entry and recent rating upgrades have boosted sentiment, while Hungary and Romania benefit from strong logistics and manufacturing bases. Czechia and Slovakia maintain stable institutional profiles, and Poland continues to lead in both scale and liquidity,” the research adds.
Hungary offers a yield premium on the established Central European markets. Colliers puts Prague yields as the lowest in the CEE region at 5.25% for office, 5% for industrial, and 6% for shopping centers. This compares to Budapest with office at 6.5%, industrial at 6.75%, and shopping centers at 7%.
Signs of recovery were already visible for Hungary in the first half of this year, including the sale of the Budapest Marriott Hotel. Total investment volume could reach EUR 700 million-800 mln this year, effectively doubling the 2024 figure.
Still, commercial real estate investors are seeking stability, and geopolitical volatility and regional uncertainties may continue to affect transactions for the remainder of this year. It is hoped that the upward momentum will not be disrupted by the parliamentary elections scheduled for spring 2026 in Hungary. Historically, property investors tend to pause and wait to see the direction of the new government during such periods, says Balázs Zelles-Görgey, head of capital markets at Colliers Hungary.
Looking ahead, Colliers expects a gradual but steady recovery over the next 12 months as pricing expectations align and financing remains accessible. The combination of solid economic fundamentals, pragmatic pricing, and expanding domestic liquidity is set to drive further investment activity through 2025 and beyond.
With its competitive fundamentals, robust occupier demand, and deepening capital base, Central and Eastern Europe continues to stand out as one of Europe’s most compelling real estate investment destinations.
“Investors are returning with sharper focus, selective strategies, and growing confidence in the region’s long-term fundamentals; CEE is no longer viewed through a purely risk-based lens,” concludes Grzegorz Sielewicz, head of economic and market insights for CEE at Colliers.
This article was first published in the Budapest Business Journal print issue of November 28, 2025.
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