CTP hands over Tesco’s new 100,000 sqm logistics centre

Amsterdam, 28 November 2024 – CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has handed over a new 100,000 sqm logistics centre in Hungary to Tesco. Built as part of a greenfield investment spanning 60 hectares near Szigetszentmiklós, the state-of-the-art facility aims to enhance Tesco’s efficiency in serving Hungarian customers, optimise transportation logistics, and significantly reduce carbon dioxide emissions and environmental impact. The centre will fully serve Tesco stores nationwide starting in March 2025.

The nearly 1-kilometer-long logistics complex includes two cold storage halls with variable temperature settings, a dry goods hall, a truck wash equipped with a water recycling system, vehicle repair and forklift service facilities, a gas station, and electric vehicle chargers. By consolidating its storage operations into one centre, Tesco will streamline its supply chain processes and reduce emissions caused by transportation. As part of the investment, road development in the surrounding area has also been completed to ensure uninterrupted and efficient traffic flow for both the local population and the logistics centre.

Sustainability is a key focus of the new development. The facility is powered by renewable energy, with 8,620 solar panels installed, providing a total capacity of 3.75 MW. The building has been awarded an ‘A’ energy rating and is expected to achieve BREEAM certification by the end of 2024. According to Tesco’s calculations, the redesigned logistics operation will reduce annual transportation-related CO2 emissions by 830 tons. Additionally, the complex’s truck wash features a water recycling system, and an irrigation well has been installed to maintain green spaces without impacting the local drinking water supply.

About CTP
CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 12.6 million sqm of GLA across 10 countries as of 30 September 2024. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP’s corporate website: www.ctp.eu

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