The Hungarian Logistics market was shocked to learn of the demise of one of its largest operators in October last year. Some five months on and there is finally some good news to report as UK based asset managers Industrial Securities Management Ltd (ISM), on behalf of the owner’s of Rynart’s former HQ and flagship 68,000m2 facility, has started to re-let the property.

Nigel Lax a director of ISM, and a professional with over 25 years experience, has taken personal responsibility for the project and admits that, as the largest single high bay facility in Hungary, the former Rynart building presents a number of challenges. However, to quote him “hands-on asset management is what we do best and we have rolled up our sleeves and got on with the job in hand.”

The first job has been to rebrand the property and to make the market aware of the state of the art facilities that exist in one of the most strategic hubs in the CEE market.

The property to be known as WestLog DC, provides flexible and secure warehousing for up to 120,000 pallets and includes areas of both frozen and temperature controlled storage.

A modern fully fitted office complex of some 2,500m2 provides the potential to accommodate a large sales and marketing team and there are extensive areas of high security storage as well as facilities for re-packaging, reverse logistics and other ‘added value’ activities.

The facility is capable of being let on a fully serviced basis inclusive of racking, fork-lift trucks and IT support enabling immediate beneficial occupation by tenants who can rent on an area or pallet basis on terms to suit their business requirements.

Tamas Beck of Colliers International is retained by ISM who have also appointed an experienced management team on-site to deal with the day to day operation of WestLog DC.