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

  • E-commerce player 4M Pro&Invest has leased nearly 4,100 sqm of warehouse space in Panattoni Park Poznań XIV. This agreement marks the completion of the leasing of the two completed phases of the development.
  • Panattoni has commenced construction on the latest phase of Panattoni Park Gorzów II, developing a bespoke BTS warehouse for DPD Polska. The facility will encompass 5,300 sqm tailored to the courier company’s operational requirements. DPD Polska is scheduled to begin operations at the new site in August 2026.
  • Romanian strategic advisory firm Infinexa Restructuring has relocated its HQ to GTC’s City Gate South Tower in Bucharest. The move supports their integrated approach to delivering complex debt restructuring, insolvency mandates, and preventive procedures for distressed companies.

New appointments

  • Panattoni has promoted Nick Cripps to the position of Head of International Capital Markets for Europe, the UK, the Middle East, and India. Based in London, Cripps is tasked with leading the firm’s global capital markets strategy across 18 diverse markets. He joined Panattoni five years ago as Head of UK Capital Markets.
  • PSN has expanded its acquisitions team with the arrival of Martin Šrytr as Business Development Manager. Most recently, he served as Real Estate Expansion Manager at Twistcafe Group, supporting the company’s EMEA growth. His previous experience includes consulting at Cushman & Wakefield, advisory roles at Prochazka & Partners, and management positions within IWG.
  • iO Partners has announced key leadership changes within its Czech Republic operations as part of its ongoing business evolution. Milan Kilik has been appointed as the new Head of Office Leasing, with a particular focus on client advisory and team collaboration. Concurrently, Petr Kareš has transitioned into the role of Occupier Business Development Director. In this new capacity, he will be responsible for identifying new market opportunities and integrating services across Tenant Representation, Project Management, and Industrial Leasing.


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