GLP secures 43,000 sqm lease in Budapest

21
Jun
2021
News - GLP secures 43,000 sqm lease in Budapest #Budapest #GLP #Hungary #industrial #lease #logistics

by Property Forum | Industrial

GLP has leased a 43,000 sqm unit at Sziget Logistics Centre to Fiege Group, a leading European logistics company that specialises in efficient supply chain solutions.


Fiege Group has leased 43,000 sqm of high-quality warehousing space and offices in GLP Sziget Phase I and II. Sziget Logistics Centre is located in Szigetszentmiklós, on the southern outskirts of Budapest, Hungary, with direct access to the M0 ringroad and convenient access to public transport. The first phase, comprising 23,000 sqm, is due to complete in Q3 2021.

Sziget Logistics Centre introduces the GLP Design Standard to the Hungarian market. The Design Standard is a technical specification focused on more efficient storage space, enhanced layouts to facilitate logistics operations, and substantial cost savings from lower utility consumption with a strong focus towards ESG matters namely on sustainability, carbon reduction, wellbeing, and biodiversity.

The buildings, constructed by Goldbeck Hungaria Kft, will benefit from a clear height of 12 metres, giving customers an additional storage level in the warehouse, which can generate improved lease efficiency of up to 20%. It will also have a maximum floor load of 7 tons/sqm, enabling the use of heavy vehicles or machinery.

István Kerekes, Country Manager of GLP Hungary said: “Sziget Logistics Centre is set to raise the bar in terms of technical specifications in the Hungarian warehouse market. We are happy that Fiege Group, a new addition to GLP’s customer community, will be the first to benefit from our best-in-class technical features. As part of our growth strategy in the region, we are committed to supporting the expansion of current and future customers through developing further high-quality logistics assets in key locations across the country.”

Gergely Hepp Managing Director of Fiege for CEE, said: “The growth of e-commerce encouraged us to look for flexible logistics space where we can expand our business. We focus on strategic locations, which guarantee easy access to transportation hubs and quick deliveries to our client’s customers. GLP Sziget fully meets those expectations.”




Latest news


New leases

  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.
  • IAG GBS Poland, the shared services arm of the International Airlines Group (IAG), has finalised a lease renewal for 2,246 sqm of office space within the O3 Business Campus in Krakow. The decision to remain in the current location followed a comprehensive market analysis and workplace audit conducted by Savills.
  • Golden Star Estate has secured two ground-floor tenants at its Warsaw-based Konstruktorska Business Center. 5 SENSES has signed as the new canteen operator, occupying 560 sqm of ground-floor retail space. Concurrently, CONTRACT Meble Biurowe has extended its commitment to the property. The firm, which has operated a publicly accessible showroom at the site since 2021, renewed its lease for 350 sqm on the ground floor.

New appointments

  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.
  • Czech investment group SCF has expanded its team by appointing Jan Simandl as Senior Leasing Team Leader. In this role, Simandl will oversee leasing activities across the company’s commercial property portfolio. He previously worked for CPI Property Group and CBRE.


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