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

  • 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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