BILK inaugurates 20,000 sqm base for MediaMarkt
BILK Logisztikai, which owns one of the biggest logistics parks in Budapest, has inaugurated a 20,000 square-meter logistics center holding two 10,000 sqm warehouses for retail chain operator MediaMarkt, the listed firm said on the Budapest Stock Exchange (BÉT) on Tuesday, state news agency MTI reported.
Including roads, public utilities and parking lots, BILK values the completed project at HUF 3.5 billion. MediaMarkt has signed a lease agreement with BILK for five years with an option to extend for an additional period of five years.
BILK and MediaMarkt signed an agreement on establishing a new warehouse base one year ago and BILK took ten months to finish the construction work.
Demand from MediaMarkt for logistics services has been steadily growing year after year. The company doubled the size of its leased warehouse areas between 2014 and 2016, while also using supplementary external warehouses of identical capacity.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.