iLogistic expands premises in CTPark Budapest West

In the first quarter of 2024, CTP signed a lease contract with logistics provider iLogistic for an additional 2,000 square metres. The company will thus occupy a total of 13,000 m2 of space in the ever-evolving BIA3 Building of CTPark Budapest West. Here, it will not only benefit from flexible services but also have the opportunity for ongoing expansion of its space.

Founded in 2006, iLogistic specialises in online store logistics as one of the region’s leading fulfilment providers. The company’s portfolio of activities includes warehousing, order picking, expediting, individual parcel assembly and dispatch, as well as a range of value-added services.

iLogistic, which has been present in the CTPark Budapest West logistics park for several years, extended its lease and increased its operating space because it had the opportunity for expansion with flexible conditions and innovative services. CTP’s strategic objective is to enable its tenants to grow in the same location, under excellent conditions, by taking over additional space and strengthening their position compared to their competitors.

The excellent location of the logistics park – next to the M7, M1 and M0 motorways and very close to Budapest – was also a key factor in the agreement. The location of CTPark Budapest West also benefits businesses that have an extensive distribution network and/or their own store premises in neighbouring countries, regions or in Budapest.

The BIA3 Hall, leased by iLogistic, has a BREEAM ‘Very Good’ rating, which puts it in competition with many other buildings under construction or already delivered in terms of sustainability and cost-effective operation. The BIA3 Hall, as part of continuous upgrades, will also be equipped with solar panels, allowing iLogistic to use green energy, which means cheaper operating costs. The building has also undergone heat pump installation, building engineering and HVAC upgrades, with a state-of-the-art building management system (BMS) also put into operation to program daily processes and technical solutions in efficient and energy-saving fashion.

CTP is always flexible to meet customer needs and demands, with the current transaction serving as a good example, as the company offers a variety of warehouse types, but also other service facilities, while providing customers with a wide range of technical, digital and operational solutions. The Clubhaus in Biatorbágy, which provides community services and a venue for tenants, is worth a special mention.

CTP also nurtures excellent relations with its tenants because the company holds long-term ownership of the buildings and logistics parks it develops, and continuously maintains and modernises its existing building stock. This commitment gives tenants the guarantee that they can expand and use new services in line with changing market conditions and company strategy.

About CTP
CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 11.8 million sqm of GLA across 10 countries as at 31 December 2023. 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

CONTACT DETAILS FOR MEDIA ENQUIRIES:
CTP Hungary
Szabolcs Farkas
Marketing Manager
+36 30 328 2691
szabolcs.farkas@ctp.eu

Office UP Agency / Az Év Irodája
Evelin Nagy
Senior Operations & Account Manager
+36 70 325 7219
nagy.evelin@azevirodaja.hu