GLP buys 22 ha plot to extend project near Budapest

12
Jan
2022
News - GLP buys 22 ha plot to extend project near Budapest #development #GLP #industrial #investment #land #logistics

by Property Forum | Industrial

GLP has closed an acquisition contract for a 22.3-hectare plot in Szigetszentmiklós, next to its existing Sziget Logistics Centre near Budapest, the larger part of which has already been let to Fiege Group. GLP has simultaneously obtained an occupancy permit for the first building, while two further units are under construction. The two phases of the project will comprise more than 150,000 sqm of prime warehouse space.


Less than one year since construction commenced, the first 23,000 sqm facility of Sziget Logistics Centre has obtained its occupancy permit. This building, along with a 22,000 sqm extension, was previously let to one single client, Fiege Group, a leading European logistics company specialising in efficient supply chain solutions.

The second phase of the first building is set to be completed by March, whilst the construction of a separate building is expected to be completed by September 2022. On completion, Sziget will comprise approximately 70,000 sqm of modern, prime logistics space.

Sziget Logistics Centre is GLP’s first development in Hungary and introduces the GLP Design Standard to the Hungarian market. This comprises a complex technical specification focused on efficient use of storage space, enhanced layouts and significant cost savings through lower energy consumption. An increased clear height of 12 meters offers more efficient storage, while an improved floor load capacity allows the use of heavy vehicles or machinery.

GLP's Design Standard also puts significant emphasis on ESG matters, primarily sustainability, CO2 reduction, wellbeing, and biodiversity. These goals are achieved via improved thermal insulation, LED lighting, energy-efficient heating systems, extended use of natural light, and smart metering, amongst others. The facilities can be easily accessed by public transport, while e-car users can charge their vehicles at EV chargers.

István Kerekes, Country Manager of GLP Hungary, commented: “GLP Sziget is an outstanding logistics development in the Hungarian market, setting a high new standard for warehouses. Both GLP’s global and local experiences prove that creating sustainable buildings in key locations provide a competitive edge, and we look forward to taking this path forwards to support the expansion of our current and prospective customers.”




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New leases

  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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