Upon completion, the company will operate a total of 11 buildings across its park network by the end of the year.
“These developments directly respond to robust market demand, with warehouses at both sites operating near full capacity. The new buildings are designed to meet the highest sustainability standards, complying with the ‘Outstanding’ rating criteria under the Breeam New Construction certification and the stringent requirements of the EU taxonomy,” said HelloParks.
Work has begun on the fourth facility (PT5) in the HelloParks Páty Budapest West mega park. The structural works are complete, and concrete flooring will soon be poured. Completion is scheduled for the fourth quarter. Once finished, this 42,000 sqm “BigBox” type warehouse will bring the total completed industrial space in Páty to 184,000 sqm. Existing facilities in the park currently have an 84% occupancy rate, according to HelloParks.
Meanwhile, work is also advancing on the FT3 warehouse (pictured) in HelloParks Fót Budapest North, with groundwork underway and structural columns due to be installed shortly.
The 46,000 sqm BigBox facility is scheduled for completion by the end of the year, expanding the Fót mega park to four buildings totaling 164,000 sqm. Existing warehouses at the complex are almost entirely let. The 57-hectare site offers capacity for up to 254,000 sqm of industrial space.
With the addition of these two new facilities, HelloParks will operate 11 buildings across its mega parks by the year end, at sites approximately north (Fót), east (Maglód), south (Alsónémedi) and west (Páty) of Budapest, hence the naming convention. All are within 25-30 km of the center of the Hungarian capital.
HelloParks says it has thus far worked on more than one million sqm of industrial and warehouse space across 200 hectares. The total value of completed and ongoing projects approaches EUR 600 million.
“All HelloParks properties are constructed in alignment with Breeam sustainability standards and EU taxonomy criteria. Only 3% of buildings worldwide achieve Breeam ‘Outstanding’ rating. Five of our buildings have received the ‘Outstanding’ certification, with two more achieving the ‘Excellent’ rating,” says Rudolf Nemes, CEO of HelloParks.
“Our development pace is dictated by market demand. Occupancy rates clearly show the continued strong interest in well-located, modern industrial properties. We aim to respond swiftly and strategically while ensuring that every new building meets the strictest sustainability standards,” he notes.
“It is not enough to simply add capacity; we are committed to creating spaces where our partners can operate long term under optimal, energy-efficient conditions,” Nemes adds.
Both warehouses under construction will feature heat pump-based heating and cooling systems and rooftop solar panels that can reduce office areas’ primary grid energy consumption to zero.
Each facility will be equipped with advanced building management systems that optimize heating, ventilation, air conditioning, and electrical and water infrastructure capable of detecting and preventing leaks. Users can adjust heating, ventilation, and lighting settings, monitor utility usage, and access detailed technical data for their leased units.
Established in 2020, HelloParks describes itself as “industrial real estate developers with a creative mindset. We offer comprehensive and customer-centric solutions to our partners, from land development to building construction and facility maintenance.”
This article was first published in the Budapest Business Journal print issue of May 5, 2025.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
