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.”




Latest news


New leases

  • The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
  • REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.
  • RecuNova has leased 305 sqm in the Bucharest-based Olympia Tower office building for a new medical clinic. The lease deal was brokered by Activ Property Services.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.


Latest news

News - Hotels move closer to the mainstream of real estate investment
09
Mar
2026

Hotels move closer to the mainstream of real estate investment

by Property Forum
Hotels are attracting growing interest from investors across CEE as strong operating performance and rising travel demand improve the sector’s fundamentals. At the same time, liquidity in prime markets and the emergence of new buyer groups are reshaping how hospitality fits within broader real estate portfolios. In an interview with Property Forum, Jakub Stanislav, Head of Investment Properties and Head of CEE Hotels at CBRE Czech Republic, discusses the outlook for hotel investment in 2026, the role of local capital in major transactions and which markets are likely to attract the most attention from investors.
Read more >
News - Royal Town kicks off new phase of resi project in Iași
09
Mar
2026

Royal Town kicks off new phase of resi project in Iași

by Property Forum
Royal Town, the residential project in Iași, has announced a new development phase, with construction of the 12th building set to begin in April 2026.
Read more >
News - ZDR Investments snaps retail projects in Austria
09
Mar
2026

ZDR Investments snaps retail projects in Austria

by Property Forum
Czech investment company ZDR Investments has completed two acquisitions on the Austrian market for its qualified investor fund Zdr Fki. The company acquired the PRO shopping centre in Linz's Urfahr district and Amstetten West retail park in the Mostviertel region for a combined value of €50 million.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy