MediaMarkt opens new logistics center in Budapest

MediaMarkt opens new logistics center in Budapest

Published at: 2019-09-12 09:25 | Author: CIJ Serbia
MediaMarkt moved into a new 20,000 sqm logistics center in Budapest. MediaMarkt signed a five year lease with BILK Logisztikai, which it developed specifically for the electronics chain operator. Construction took 10 months to complete. The project is valued at HUF 3.5bn, including roads, parking lots and public utilities. MediaMarkt doubled the size of its leased warehouse space between 2014 and 2016.

Similar Stories:

W. P. Carey buys three industrial properties for $124m
W. P. Carey has closed on the purchase of three industrial properties for a combined $124m  »
Blackstone acquires Colony Industrial in $5.9bn deal
Blackstone Real Estate Partners IX has agreed to acquire Colony Industrial, the industrial  »
W. P. Carey sells three industrial portfolios for $111m
W. P. Carey has acquired three industrial portfolios for a total of approximately $111m. T  »
Treetop buys New Jersey industrial property for $17.3m
Treetop Development acquired a 207,000 sq ft industrial property in Northvale, New Jersey,  »
The industrial sector of commercial real estate has changed radically over the past few ye   »
industrial logistics brokers are relying increasingly on data to help them find the best p   »
Scott Gregory, market officer at Prologis in Florida, says the breakdown can be seen geogr   »