We are proud to advise one of our key clients, GLP, a leading investor and developer of logistics warehouses and distribution parks on a long-term lease agreement with online retailer Alza.hu for a 22,000 sqm warehouse at Sziget Logistics Centre, Hungary. Construction is already in progress, and the building is due to be finalized in Q3 2022.
Alza will use the new multifunctional facility to improve its distribution and fulfilment services. With this new, 10-year contract GLP and Alza bring their cooperation in the CEE region to the next level: the originally Czech e-commerce player has already partnered with the developer in GLP Park Bratislava, Slovakia, and recently in GLP Park Prague Chrastany, Czech Republic.
Apart from the 20,000 sqm of grade-A warehouse space, the building will host another 2,000 sqm of office space, a showroom, and an Alza Drive pick-up point. A separate entrance for these latter two will offer easy and safe access for customers, while dedicated parking spaces for staff and visitors will further enhance accessibility. The facility will be equipped with 82 docks, accommodating multiple specifications, and able to accept various types of vehicles ranging from vans to trucks, making last-mile deliveries faster and even more flexible.
As this transaction shows, the boom of the logistics sector continues and it is always an uplifting experience for us to provide support for market leading projects on the Hungarian property market. The LKT legal advisor team included Attila Ungár Partner, Head of Real Estate and Kata Molnár, Real Estate Associate.