Logistics developer Logicor has signed a new lease agreement with CHS, a Hungarian IT distribution company, for 5,580 sqm of warehouse space at Logicor Alligator Park in Budaörs, bringing the property to 100% occupancy.
CHS, a nationwide IT distribution company headquartered in Budaörs, selected the facility to support its growing operations and expanding inventory. The proximity of Logicor Alligator to the company's headquarters made the location attractive, allowing it to increase storage capacity while maintaining efficient logistics operations close to its main office.
Logicor Alligator comprises approximately 28,000 sqm of warehouse and office space and is located within the M0 Budapest ring road, around 12 kilometres from Budapest city centre. The property benefits from connectivity, with immediate access to the M1 motorway towards Western Europe, the M7 motorway towards the Croatian border, and the M0 ring road.
Domonkos Joó, Senior Director and Head of Hungary & Austria at Logicor, said: "This transaction highlights the continued demand for well-located logistics space in the western Budapest submarket, despite a more competitive market environment. The fact that Logicor Alligator Park has reached full occupancy shortly after the acquisition demonstrates both the attractiveness of the location and our customer-centric approach."
Logicor has been active in Hungary for nearly a decade, managing a major part of its domestic portfolio in and around Budaörs. The company operates 172,000 sqm of space across eight parks located along Budapest's main transport corridors, providing flexible and well-connected facilities for domestic and regional distribution.
