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Half of Airport Cargo City leased

Celebi Ground Handling is to be the first tenant at the cargo base of Budapest Airport, taking almost 13,000 square meters in the air cargo center soon to be erected.

With this, close to half of the Cargo City of Budapest Airport has been taken already. The project of the airport operator will be an important milestone for the air cargo industry, the labor market of the Southern Pest region, as well as the development of the Hungarian economy as a whole. The completion of the first phase of the project is scheduled for the end of 2012.

Celebi – a well-know partner of the airport operator – signed a lease agreement with Budapest Airport. The company will perform ground services for the airlines intending to use the cargo base, for which Celebi will need warehouse and office space of almost 7,000 square meters and other areas of more than 5,000 square meters. The first phase of the cargo development of Budapest Airport includes 26,000 square meters of newly built areas which will be offered to companies involved in air cargo transportation.

As a result of market demand for an air cargo distribution center, Budapest Airport decided that in the framework of its modernization program called BUD Future a new cargo base would be built. After the approval of the board of directors, the project received the final green light when the Vecsés municipality amended the regulation plan of the airport removing the last obstacle that had been hindering cargo development.

The feedback from the cargo and logistics market about the lease opportunities is far above the expectations assessed a few years ago. Budapest Airport is already in negotiations for the second phase of cargo facility with potential tenants, - in addition BA is able to offer tailor made facilities.

After performing the design tasks, the airport operator submitted its construction permit application to the competent authority already at the end of last year. Therefore soon after opening the new terminal building called SkyCourt on 27 March, the next large-scale construction effort of Budapest Airport may already commence.

“The construction of the Cargo City is not only important for Budapest Airport and its partners. As a result of this investment, a complex development concept will be implemented in the region that will benefit not only the surrounding region but also the Hungarian economy as a whole,” said Budapest Airport CEO Jost Lammers.

“We are delighted that we are able to expand our cooperation with the airport operator, and can become one of the biggest tenants of the future cargo base. I firmly believe that in the new, state-of-the-art facility we will be able to provide the usual high service quality to our partners,” said Osman Yilmaz, director of Celebi Ground Handling Hungary.