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HelloParks to develop 400,000 sqm GLA logistics megapark

Logistics

HelloParks, a member of Futureal Group, will develop a logistics park offering a total of 400,000 sqm of GLA in Páty (16 km west of Budapest), according to a press release sent to the Budapest Business Journal.

The new development, located next to the M1 motorway is the largest project in the history of the company.

Built on a 100 ha site, the project will be developed in several phases.

Preparations for the first phase have already begun. The first building will offer 55,000 sqm of modern warehouse space and is expected to be handed over in Q3 2022. The value of this investment exceeds EUR 50 million.

"HelloParks has reached another milestone by investing in the western agglomeration of Budapest, and so far this promises to be our largest development, both in terms of plot size and total facilities," said Rudolf Nemes, CEO of HelloParks.

The minimum rentable area for the so-called Big Box type halls will be 3,300 sqm, while the Flexi Box buildings with a more flexible rental scheme can offer rental properties up to 500, 1,000, or 2,000 sqm for smaller tenants. Like in the case of the company's logistics parks in Fót and Maglód, facilities to be built in Páty will also meet the requirements of the BREEAM sustainability standard, thanks to smart solutions ensuring energy efficiency and environmentally friendly operation. Short-term offices, Hello Café, and conference rooms with catering services and long-term A-category offices also will be available for tenants.

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