03
Mon, Mar
89 New Articles

LKT Advises GLP on Lease Agreement with Alza.hu

LKT Advises GLP on Lease Agreement with Alza.hu

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Lakatos Koves and Partners has advised GLP on its long-term lease agreement with online retailer Alza.hu for a 22,000 square-meter warehouse within the Sziget Logistics Centre in Hungary.

According to LKT, construction is already in progress and the building is due to be finalized in the third quarter of 2022.

GLP is an investor and developer of logistics warehouses and distribution parks.

According to LKT, “Alza will use the new multifunctional facility to improve its distribution and fulfillment services. With this new, ten-year contract GLP and Alza bring their cooperation in the CEE region to the next level: the originally Czech e-commerce player has already partnered with the developer in GLP Park Bratislava, Slovakia, and recently in GLP Park Prague Chrastany, Czech Republic. Apart from the 20,000 square meters of grade-A warehouse space, the building will host another 2,000 square meters of office space, a showroom, and an Alza Drive pick-up point.”

LKT’s team included Partner Attila Ungar and Associate Kata Molnar.

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

Firm's website.

Our Latest Issue