New tenant at CTPark Budapest East industrial park

Logistics

Electronics and appliances retailer Euronics has signed a contract for nearly 28,000 sqm of warehouse space at CTP's CTPark Budapest East industrial park in Üllő, on the outskirts of Budapest.

Euronics will develop a fully automated warehouse right next to Lenovo's first European factory, and the building is scheduled to start operations in early 2022, CTP tells the Budapest Business Journal.

"There has been significant growth in e-commerce recently, and the role of automation is growing in parallel. This trend is also affected our tenants, so it is not surprising that Euronics, a specialist in technical goods, is expanding its portfolio with a fully automated warehouse in our park in Üllő, which thanks to its central location, further helps to efficiently serve incoming demands," said Dávid Huszlicska, country head Hungary at CTP.

Bálint Fazekas, commercial director of Euronics added, "According to the latest research of GKI, euronics.hu is currently in sixth place on the list of the largest online shops in Hungary. We have always reacted as quickly as possible for the changes in shopping habits, which has resulted in us moving up six places in the ranking in two years. The next important step in our growth strategy is the development of our new warehouse in the CTPark Budapest East industrial park, for which all the conditions are in place and CTP can serve all our development-related demands. The increased sales volume - almost three times as many online orders were placed in Euronics' online store during the spring store closure than in the same period last year - requires the use of automated systems, the deployment of which will start later this year, with full operation planned for early 2022."

CTPark Budapest East is located in Üllő, 8 km to the southeast of Budapest at the intersection of M0 ringroad and motorway M4.

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