Goodman to develop 120,000 m² logistics space near Budapest (HU)

Goodman has signed a new lease agreement with Bosal Hungary Kft. for a 7,700 m² logistics facility at the Goodman Kecskemét Logistics Center in central Hungary. With the signing of the agreement, the real estate group maintains 100% occupancy in Hungary and is focusing on developing an additional 120,000 m² of new logistics space near Budapest.
Bosal Hungary Kft., a leading automotive parts supplier, needed immediate additional warehousing space to accommodate its stock overflow due to increased production activity. The Kecskemet area is known as a fast growing location for the automotive industry, in part due to the new Mercedes production plant nearby.
Goodman’s manages nearly 300,000 m² of logistics space for automotive sector customers in Continental Europe.
“We are proud to have been able to provide an immediate solution for our customer and it reinforces the Goodman Kecskemét Logistcs Center as a prime location for customers in the automotive industry,” said Blazej Ciesielczak, Goodman Regional Director for Central and Eastern Europe. “Having fully leased all of our existing properties in Hungary, we will focus on expanding our portfolio through new developments on our land banks.”
Source: Goodman