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Regional Development Holding completes HUF 3.5 bln logistics centre

Hungary's state-owned Regional Development Holding has completed a HUF 3.5 billion logistics centre near Fényeslitke (NE Hungary), in the Záhony region, CEO Gábor Ilenczfalvi-Szász said on Thursday.

Talks with 5-6 companies are under way on renting about 70% of the centre, Ilenczfalvi-Szász said. Within three years, the Orienter Intermodal Logistics Centre is expected to be at full capacity, he added.

European Union funding covered half of the cost of the investment.

Regional Development Holding is planning a HUF 30 billion expansion of the centre over ten years, he said.

Hungary wants to turn the area around Záhony into a logistics hub for the entire region.