The past few years have seen a significant increase in demand in Hungary for income-producing industrial properties bought for investment purposes, CBRE reminded. Further growth is to be expected this year, as investment flows already exceeded €100 million in the first half of the year, according to the forecast of the real estate consultancy CBRE.
Since last January, ten of the 50 existing logistics parks of the Budapest agglomeration’s logistics market changed hands. The aggregate leasable area of these properties amounts to 352,000, which is 19% of the total 1.9 million sq portfolio.
Eight of the mentioned ten properties were bought for yield-based investment purposes, while two were bought by end-users, the aggregate area of which is 59,000. Both transactions were realized in collaboration with CBRE.
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