Logicor expands Budapest portfolio in Budaörs

Developer Logicor has completed the acquisition of a strategically located logistics property in Budaörs, in the western corridor of Budapest.

The newly acquired freehold asset, now named Logicor Alligator, comprises approximately 28,000 sqm of warehouse and office space and is located within the M0 Budapest ring road, just 12 kilometres from Budapest city centre. Directly adjacent to the Logicor-owned Camel, Shark and Pharma parks.

Commenting on the acquisition, Domonkos Joó, Senior Director and Head of Hungary & Austria at Logicor, said: “The acquisition strengthens Logicor’s position in this key location. It also consolidates four neighbouring logistics parks in Budaörs, creating a combined logistics cluster of nearly 100,000 sqm in a prime, well-connected location. The property benefits from excellent transport connectivity, with proximity to the M1 motorway towards Western Europe, the M7 motorway towards the Croatian border, and the M0 Budapest Ring Road, making it ideally suited for both national and international distribution. The location is also well connected to public transport, including proximity to Budaörs railway station.”

The property is currently 80 percent leased, which occupies approximately 22,000 sqm. The lessee is a global logistics provider whose core areas of expertise include freight forwarding, contract logistics, supply chain optimisation, ground transportation and project logistics.

In Hungary, Logicor operates 172,000 sqm of logistics space across eight parks, predominantly located along Budapest’s most important transport corridors, providing flexible, efficient and well-connected facilities for domestic distribution and wider regional operations.