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Home Countries Hungary

CTP Builds Logistics Center in Hungary for Tesco

David Stuckey by David Stuckey
December 2, 2024
Reading Time:2 mins read
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CTP Builds Logistics Center in Hungary for Tesco
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CTP has handed over a new 100,000-square-meter logistics center in Hungary to Tesco.

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Built as part of a greenfield investment spanning 60 hectares near Szigetszentmiklos, the new facility is expected to enhance Tesco’s efficiency in serving Hungarian customers, optimize transportation logistics, and significantly reduce carbon dioxide emissions and environmental impact. The center will serve Tesco stores nationwide starting in March 2025.

According to CTP, the nearly 1-kilometer-long logistics complex includes two cold storage halls with variable temperature settings, a dry goods hall, a truck wash equipped with a water recycling system, vehicle repair and forklift service facilities, a gas station, and electric vehicle chargers. By consolidating its storage operations into one center, Tesco hopes so streamline its supply chain processes and reduce emissions caused by transportation. CTP reports that, as part of the investment, roads in the surrounding area were also improved to ensure uninterrupted and efficient traffic flow for both the local population and the logistics center.

The facility is powered by renewable energy, with 8,620 solar panels installed, providing a total capacity of 3.75 MW. The building has been awarded an ‘A’ energy rating and is expected to achieve BREEAM certification by the end of 2024. According to Tesco’s calculations, the redesigned logistics operation will reduce annual transportation-related CO2 emissions by 830 tons. Additionally, the complex’s truck wash features a water recycling system, and an irrigation well has been installed to maintain green spaces without impacting the local drinking water supply.

“We are very pleased to take possession of our new domestic logistics center, which is a huge milestone in the history of Tesco in Hungary,” said Zsolt Palinkas, CEO of Tesco Hungary. “The retail sector has undergone significant transformation in recent years, with home delivery services, innovation, and sustainability becoming increasingly important. With this environmentally conscious logistics centre, equipped with the most modern technologies, we are better prepared to meet new demands while making progress toward carbon neutrality by 2035. CTP has proven to be an excellent partner, delivering world-class construction and real estate development solutions that support our position as a leader in the Hungarian retail market.”

Dr. Ferenc Gondi, Managing Director of CTP Hungary, emphasized the importance of this project: “The construction of Tesco’s domestic logistics center in Szigetszentmiklos is a prominent milestone in CTP’s history in Hungary. We believe in becoming an integral part of the communities where our logistics parks are present, and this project reflects our commitment to enhancing quality of life for the local population. Through sustainable and people-centric real estate development, we strive to create transparent and innovative solutions that support economic growth while prioritizing environmental responsibility.”

Tags: Hungary
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David Stuckey

David Stuckey

A founder and former Executive Editor of CEE Legal Matters Kft., now writing for CEE Real Estate Matters. A professional writer, editor, publisher, consultant, and entrepreneur, and an amateur tennis player, cinephile, and bon vivant.

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