CTP Delivers State-of-the-Art Logistics Facility to Tesco

CTP Delivers a New Logistics Centre to Tesco

CTP, recognized as Europe's leaders in the development, ownership, and management of logistics properties, has achieved a remarkable milestone with the handover of a cutting-edge logistics centre to Tesco. Spanning over 100,000 sqm, this facility is strategically located in Hungary and is part of a larger greenfield investment that covers 60 hectares near Szigetszentmiklós. Designed to enhance operational efficiency, this logistics hub aims to optimize Tesco's supply chain while making significant strides towards reducing environmental impact.

Innovative Features of the New Centre

The logistics centre boasts an impressive array of modern features, including two temperature-controlled cold storage halls, a dry goods hall, and a sophisticated truck wash system with water recycling capabilities. With a length of nearly one kilometer, the complex is designed to streamline operations by consolidating storage needs, allowing Tesco to lower emissions linked to transportation. Additionally, infrastructure improvements in the surrounding area support efficient traffic flow, benefitting both local residents and logistics operations.

Commitment to Sustainability

Sustainability is a core principle of this new development. The facility operates on renewable energy thanks to the installation of 8,620 solar panels that provide a notable capacity of 3.75 MW. With a prestigious 'A' energy rating, the building is on track to earn BREEAM certification, demonstrating its environmental efficiency. Tesco anticipates this revamped logistics operation will lead to a reduction of 830 tons in annual CO2 emissions related to transportation. Furthermore, innovations like the truck wash’s water recycling system and a dedicated irrigation well showcase the commitment to conserving resources.

Leadership Perspectives on the Project

Expressing enthusiasm about this significant development, Zsolt Pálinkás, CEO of Tesco Hungary, stated, “We are very pleased to take possession of our new domestic logistics centre, which is a huge milestone in the history of Tesco in Hungary. This environmentally conscious centre, equipped with modern technologies, positions us to meet evolving consumer demands and make progress towards our carbon neutrality goal by 2035.” His sentiments reflect the broader shifts occurring within the retail industry, driven by new consumer demands and sustainability initiatives.

The Vision Behind CTP’s Developments

Dr. Ferenc Gondi, Managing Director of CTP Hungary, highlighted the significance of the project, noting that “The construction of Tesco’s domestic logistics centre marks a prominent milestone for CTP in Hungary. We are dedicated to being an integral part of the communities where we operate and this project underlines our commitment to improving quality of life through sustainable practices.” His remarks emphasize CTP's overarching goal of fostering economic growth while placing a strong emphasis on environmental accountability.

About CTP

CTP stands tall as Europe's largest listed owner and manager of logistics and industrial real estate, overseeing a vast portfolio of 12.6 million sqm of gross lettable area across ten countries as of late September 2024. Each new development is certified to achieve a minimum of BREEAM Very Good, illustrating commitment to sustainable building practices. Furthermore, CTP has garnered a negligible-risk ESG rating, reinforcing its dedication to responsible business operations.

Frequently Asked Questions

What is the size of Tesco's new logistics centre developed by CTP?

The new logistics centre is 100,000 square meters in size.

When will the new logistics facility start servicing Tesco stores?

The facility is set to fully serve Tesco stores nationwide starting in March 2025.

What sustainable features are included in the logistics centre?

The facility includes 8,620 solar panels for renewable energy, a water recycling system in the truck wash, and an irrigation well to maintain green spaces sustainably.

What environmental impact is anticipated from the new logistics operations?

It is expected to reduce annual transportation-related CO2 emissions by 830 tons.

What is CTP’s commitment to sustainability?

CTP certifies all new developments to BREEAM standards and holds a negligible-risk ESG rating, underlining its commitment to sustainable business practices.

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