HelloParks to build one of Hungaryʼs largest industrial parks in Fót

Industrial

Futureal Groupʼs industrial and logistics property development company HelloParks has acquired its first industrial and logistics development plot in Fót located in the vicinity of Budapest, next to the junction of motorways M0 and M3, according to a press release sent to the Budapest Business Journal.

The 76 hectare greenfield investment will include energy-efficient buildings that meet the BREEAM sustainability standard. 

In the first phase of the HelloParks Fót development project, a 45,000 sqm warehouse building will be handed over by Q3 2021. On the land, a total of 330,000 sqm of warehouse and industrial space can be realized, the press release notes.

HelloParks Fót is targeting logistics service providers, light industry manufacturers, assembly companies as well as tenants with special requirements. The minimum leasable area for the first building is 3,200 sqm, while rental properties will be offered from 1,000 sqm in the next phase, in order to meet smaller tenantsʼ expectations. The current investment value of the project is close to EUR 50 million.

All the planned facilities, each with a floor area of ​​35,000–49,000 sqm, will feature modern design and meet the requirements of the BREEAM sustainability standard through smart solutions that ensure energy efficiency and environmentally friendly operation. Leisure and community services will also be available in the logistics park to support the tenantsʼ recruitment and talent management activities.

"The acquisition and development of the plot hosting HelloParks Fót is the first step for HelloParks to become a determinant player in the dynamically growing industrial and logistics market. In Hungary, we want to start our operation with developments in the Budapest agglomeration and in major Hungarian cities that act as logistics hubs in the countryside. We are also planning serious activities in the Central and Eastern European region, building on the Futureal Groupʼs existing presence in foreign markets," said Rudolf Nemes, CEO of HelloParks.

"We are already experiencing strong interest from prospective tenants, so given the high demand in the market and the scarcity of supply, we have decided to start developing the first facility in Fót on a speculative basis," he added.

ADVERTISEMENT

Business confidence edges up as consumer sentiment weakens Analysis

Business confidence edges up as consumer sentiment weakens

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Energy Efficiency: End-users, Energy Traders and Other Stake... Inside View

Energy Efficiency: End-users, Energy Traders and Other Stake...

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.