The largest warehouse lease transaction in 2009

The largest warehouse lease in 2009 so far has been closed this year at the end of September. After a long preparation period and tender Auchan Hungary Ltd. has decided to extend its logistics business activity in the immediate neighborhood of its present, Üllő operation location; in Viktória Park Logistics Center, a project that has recently been completed.

The 41.500 sqm project, realized as a REM Real Estate Inc. development is the third largest warehouse building for lease on the Budapest real estate market. Auchan has leased 18.200 sqm.

As Péter Boncsér the Logistics and Supply Chain Director of Auchan said: “This was the first step for us in a future, great volume logistics development that will be followed by similar investments. Besides the closeness of the leased area, the flexibility of our partners and the leasing conditions have also played an important role in our choice.”

László Vancskó, Managing Director of REM Real Estate Inc.: “We are very happy about the lease, which demonstrates that individual developments are indeed possible, even in the times of crisis and Viktória Park has proved to be one of these. We hope that the leasing of the rest of the building will be similarly successful; we are already in negotiations with interested parties at the moment.”

The Hungarian office of Colliers International has cooperated throughout the transaction as the exclusive agency delegated by the Owner.