GLP extends Sziget Logistics Center, buys plot


GLP has closed an acquisition contract for a 22.3-hectare plot in Szigetszentmiklós, next to its existing Sziget Logistics Center, which will be extended via the completion of the second phase of its first building and the completion of a second building by September, according to a press release sent to the Budapest Business Journal.

Less than one year since construction commenced, the first 23,000 sqm facility of Sziget Logistics Center has obtained its occupancy permit. This building, along with a 22,000 sqm extension, was previously let to one single client, Fiege Group, a leading European logistics company specializing in efficient supply chain solutions.

The second phase of the first building is set to be completed by March, whilst the construction of a separate building is expected to be completed by September 2022. On completion, Sziget will comprise approximately 70,000 sqm of modern, prime logistics space.

Sziget Logistics Center is GLP’s first development in Hungary and introduces the GLP Design Standard to the Hungarian market. This comprises a complex technical specification focused on efficient use of storage space, enhanced layouts, and significant cost savings through lower energy consumption. An increased clear height of 12 meters offers more efficient storage, while an improved floor load capacity allows the use of heavy vehicles or machinery.

GLP's Design Standard also puts emphasis on ESG matters, primarily sustainability, CO2 reduction, wellbeing, and biodiversity. These goals are achieved via improved thermal insulation, LED lighting, energy efficient heating systems, extended use of natural light, and smart metering, amongst others. The facilities can be easily accessed by public transport, while e-car users can charge their vehicles at EV chargers.

István Kerekes, Country Manager of GLP Hungary, commented, “GLP Sziget is an outstanding logistics development in the Hungarian market, setting a high new standard for warehouses. Both GLP’s global and local experiences prove that creating sustainable buildings in key locations provide a competitive edge, and we look forward to taking this path forwards to support the expansion of our current and prospective customers.”

Number of Doctors per 10,000 Inhabitants Reaches 44 Figures

Number of Doctors per 10,000 Inhabitants Reaches 44

Windfall Taxes on Some Companies Phasing out From 2025 Government

Windfall Taxes on Some Companies Phasing out From 2025

Budapest’s Theater Under the Stars Interview

Budapest’s Theater Under the Stars

White Party at Duchess Coming This Weekend Drinks

White Party at Duchess Coming This Weekend


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.