The PT2 and PT3 buildings in the HelloParks Budapest West megapark provide a combined 84,000 sqm of industrial and logistics space.
The PT2 and PT3 warehouses, each covering 42,000 sqm, were built to the highest sustainability standard—Breeam New Construction’s Outstanding rating—a key factor in Erste Real Estate Fund’s decision to acquire them. HelloParks is the only developer in Hungary meeting these strict criteria, with just 3% of buildings worldwide achieving this level.
The warehouses also comply with EU Taxonomy regulations, making them unique in Hungary’s industrial real estate market. Tenants include major international logistics firms like Gebrüder Weiss and Transdanubia. Despite the sale, HelloParks will continue managing the properties’ technical operations.
“Industrial is back! This transaction clearly demonstrates the renewed investor interest in Hungarian industrial and logistics real estate. Space demand and rental growth have been strong for several years now, underpinned by a massive nearshoring and industrialization trend, in which Hungary has been the clear regional winner; however, until recently, transactions have been scarce. This transaction is a sign of returning liquidity and will catalyze further investor activity. The early movers will reap the rewards of healthy yields, strong space demand, rental growth and limited supply of land and being able to access the very limited ESG-compliant stock.” said Gábor Futó, founder of HelloParks and Futureal Group.
“Acquiring HelloParks’ warehouses is a significant step for us in becoming a prominent investor in the rapidly advancing industrial real estate development sector. Both buildings fully meet the quality and sustainability criteria that are essential for ERSTE Real Estate Fund’s investment decisions. We seek future-proof properties that provide long-term stable returns and added value, and this deal clearly reflects our commitment to high-quality, ESG-compliant industrial investments,” said Balázs Pázmány , chairman of the Board at Erste Alapkezelő Zrt.
“Increasingly stringent EU regulations are prompting Hungarian tenants to choose warehouses that support their sustainability goals. These developments, however, require significant investment, outstanding teamwork, and expertise, all generating measurable added value. It is no coincidence that investor activity in Hungary’s industrial-logistics real estate market is intensifying, particularly in high-quality, ESG-compliant facilities, forecasting further sector growth,” added Rudolf Nemes, CEO and co-founder of HelloParks.
HelloParks has incorporated cutting-edge technology to maximise operational efficiency in its warehouses. Accordingly, the buildings are equipped with heat pump-based cooling and heating systems, while featuring rooftop solar panels capable of reducing offices’ primary grid energy consumption to zero.
An intelligent building management system (BMS) continuously monitors and optimises heating, ventilation, air conditioning, water, and electrical systems while detecting potential leaks. Tenants have control over their spaces via HelloParks’ proprietary mobile app, which connects to the BMS, allowing remote adjustments to heating, ventilation, and lighting and real-time monitoring of utility usage and technical data.
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