Lakatos Koves and Partners has advised GLP on its long-term lease agreement with online retailer Alza.hu for a 22,000 square-meter warehouse within the Sziget Logistics Centre in Hungary.
According to LKT, construction is already in progress and the building is due to be finalized in the third quarter of 2022.
GLP is an investor and developer of logistics warehouses and distribution parks.
According to LKT, “Alza will use the new multifunctional facility to improve its distribution and fulfillment services. With this new, ten-year contract GLP and Alza bring their cooperation in the CEE region to the next level: the originally Czech e-commerce player has already partnered with the developer in GLP Park Bratislava, Slovakia, and recently in GLP Park Prague Chrastany, Czech Republic. Apart from the 20,000 square meters of grade-A warehouse space, the building will host another 2,000 square meters of office space, a showroom, and an Alza Drive pick-up point.”
LKT’s team included Partner Attila Ungar and Associate Kata Molnar.