Saturday, 15 March 2025
In a landmark deal for Hungary’s industrial and logistics sector, CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has secured a 10-year lease agreement with ZOOMLION. The agreement will see the Chinese construction and agricultural machinery giant relocate its operations to CTPark Tatabánya, with a €100 million investment in advanced production technology.
Under the agreement signed on 20 February, ZOOMLION will establish its new manufacturing base at CTPark Tatabánya, where CTP will customize a 35,000 sqm logistics facility (TBN5) to meet the company’s specific production needs. The facility will be adapted for the manufacturing of high-quality and efficient scissor lifts and boom lifts. Additionally, ZOOMLION will benefit from outdoor service areas and a newly developed 20,000 sqm testing zone, ensuring optimal conditions for its operations.
ZOOMLION Heavy Industry Science and Technology Co., Ltd., a global leader in construction and agricultural machinery, has been present in Hungary since 2021. The expansion to CTPark Tatabánya represents a major milestone in the company’s local and European growth strategy, reinforcing Hungary’s importance as a key market.
The decision to establish operations at CTPark Tatabánya was driven by the park’s state-of-the-art built-to-suit (BTS) capabilities, which include custom-built, sustainably designed buildings equipped with environmentally conscious technologies. Beyond the modernization of the existing 35,000 sqm facility, ZOOMLION will also gain access to additional services within the logistics park, further enhancing its operational efficiency.
The location of CTPark Tatabánya played a crucial role in ZOOMLION’s decision. Positioned near the M1 highway, the park provides direct connectivity to key transit routes linking Eastern and Western Europe. Its proximity to major regional capitals—including Budapest, Bratislava, and Vienna—ensures smooth logistics operations and rapid service to partners across Central Europe.
The Tatabánya-Komárom region, one of Hungary’s fastest-growing industrial hubs, was another key factor in the company’s selection. The area is home to several international enterprises, including leading automotive manufacturers, making it a prime location for businesses seeking logistical and supply chain advantages.
CTP’s commitment to long-term client partnerships and its ability to tailor properties to specific business needs were instrumental in finalizing the deal. In this instance, CTP is not only adapting the facility to ZOOMLION’s exact requirements but also providing additional services in newly developed buildings within the park.
CTP’s business model ensures that it retains ownership of its properties over the long term, allowing it to provide top-tier property management services. This includes sustainable energy solutions, cost-effective maintenance, and rapid response times, guaranteeing high-quality service for its tenants.
Highlighting the strategic importance of the partnership, Wang Yongxiang, Co-President of ZOOMLION, emphasized the company’s focus on localized manufacturing. “We chose CTPark Tatabánya as the base for our operations because CTP offers high-quality, sustainable properties and services, allowing us to fully concentrate on our production and logistics activities. This move will enable us to provide products and services to local and European customers with greater efficiency and convenience, strengthening our service capabilities in the region.”
Dr. Ferenc Gondi, Managing Director of CTP Hungary, welcomed ZOOMLION’s arrival, describing it as a significant milestone in attracting global industry leaders to the logistics park. “We are delighted to welcome ZOOMLION to CTPark Tatabánya, one of the world’s leading manufacturers in its field. This partnership aligns with CTP’s long-term strategy of building lasting collaborations with globally renowned companies. CTPark Tatabánya continues to be a highly sought-after location due to its prime positioning in one of Hungary’s most rapidly developing economic zones.”
With this strategic investment, ZOOMLION is set to enhance its footprint in Hungary while reinforcing the country’s growing role as a major industrial and logistics hub in Central Europe.
