The developer says the investment was realized through close, demand-driven cooperation between Innovinia and the tenant, covering the entire process from planning and permitting to turnkey construction. The facility has been tailored to CAIP’s specific technological and production requirements, Innovinia says.
As with other projects in Innovinia’s portfolio, the development adhered to the highest sustainability and environmental standards. During the design of the modern manufacturing unit, particular attention was paid to energy-efficient solutions and alignment with ESG criteria.
“We are delighted to have delivered the IGPark Nyíregyháza facility on schedule, meeting CAIP’s highest expectations. This project proves once again that the professional expertise in our build-to-suit model provides a guarantee for the long-term success of our international partners,” says Balázs Czifra, sales and asset management director of Innovinia.
The 15-hectare Nyíregyháza park provides a further 7.5 hectares of prepared development land. Innovinia says it is ready to build an additional 42,000 sqm of light industrial or logistical space.
The Hungarian-owned real estate developer Faedra Group has opened its first office in Poland, headquartered in Warsaw, marking the first significant chapter of its international expansion through the establishment of Faedra Group Polska. This follows the trend of leading Hungarian developers looking to undertake developments in other leading Central European markets.
Faedra Group Polska is primarily exploring market entry opportunities within the residential sector, while actively assessing additional development and investment opportunities across the country. Pawel Kozakiewicz leads Faedra Polska.
“The launch of Faedra Group Polska is the result of a highly deliberate and carefully prepared expansion strategy,” comments Bence Boronkay, founder and CEO of Faedra Group. “Our clear objective is to establish a presence in Poland, the region’s largest and most dynamically growing market, while leveraging outstanding local management to build on the successes we have achieved in Hungary,” he says.
“By opening our Warsaw office, we aim to become an active long-term participant in the Polish market and capitalize on the significant development opportunities the country offers. Establishing Faedra Group Polska is the first important milestone in our international growth strategy, backed by detailed preparation and thorough research,” Boronkay adds.
Meanwhile, Faedra Group has signed a major build-to-own development agreement with one of Hungary’s leading food wholesale and distribution companies. As part of the nearly HUF 6 billion investment, the developer will deliver a logistics facility of more than 15,000 sqm in Budapest’s District XXII, fully tailored to the client’s operational and technological requirements while meeting high technical and energy-efficiency standards.
The facility will include temperature-controlled frozen storage chambers across multiple cooling zones, complemented by a custom-engineered warehouse structure utilizing 40-meter-span beams, as well as a specialized industrial flooring system developed for extreme low-temperature environments and heavy operational loads.
The project will be located within one of Budapest’s strategically important logistics hubs, offering direct connectivity to the M0 ring road and the M6 motorway. The location provides excellent infrastructure for intensive daily distribution operations and nationwide food logistics activities. Delivery is expected in Q1 2027.
Faedra Group is a Hungarian-owned, integrated real estate development company with a diversified portfolio including the multi-family residential, industrial and logistics, and retail sectors. The firm has eight active projects and a development pipeline exceeding EUR 100 million.
CTP is further expanding its footprint in Hungary with the launch of its first development in southern Hungary, in Pécs (198 km south of Budapest by road). The new industrial and logistics park will be delivered in phases with a total development potential of over 66,000 sqm of gross leasable area.
In the first phase, CTP is developing a 14,200 sqm BTS logistics complex. Construction is scheduled to begin this summer, with completion expected by the end of the second quarter of 2027. Future phases will be developed in line with market demand and client requirements.
“With this development, we are entering a new regional market with strong long-term potential,” comments Ferenc Gondi, managing director for Hungary at CTP. “The project will bring high-quality industrial and logistics space to a well-connected location, supporting both local economic growth and our clients’ expansion plans. Through our BTS approach, we are able to deliver flexible, customized solutions that meet specific operational requirements while supporting long-term growth,” he adds.
The park will be developed in line with CTP’s sustainability standards. The first building targets an “A+” energy rating and BREEAM “Excellent” certification, supported by energy-efficient technologies, including a heat pump system, to reduce both environmental impact and operating costs.
The park is designed to accommodate a wide range of occupiers, including logistics providers, advanced manufacturing businesses, and R&D operations.
CTP is Europe’s largest listed developer, owner, and operator of logistics and industrial real estate by GLA, with a portfolio of 14.7 million sqm of gross leasable area in 11 countries and 2 million sqm under construction. All new buildings are certified to the BREEAM “Very Good” standard or higher.
Logicor has announced the sale of its Hungarian operations to the Singapore-registered Sino Logistics. The transaction includes the company’s local real estate portfolio and its Hungarian management team and is expected to close in the second half of 2026, subject to the necessary regulatory approvals.
The sale includes approximately 172,000 sqm of space in some eight assets, mainly located in the Budapest area. The company has been present in the Hungarian market since 2014.
“This transaction reflects our strategy in action. We are focused on allocating capital to the markets where we have the best opportunities to grow at scale. At the same time, we are pleased to transition our Hungary operations to Sino Logistics, a Singapore-registered logistics park investment and operating platform,” says Ronald van der Waals, regional director for Northern Europe, CEE & Nordics at Logicor.
Logicor is a leading owner, manager and developer of European logistics real estate, with a portfolio of more than 17 million sqm of warehouse space in key transportation hubs and near major population centers.
This article was first published in the Budapest Business Journal print issue of July 31, 2026.
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