NIPÜF launches speculative development in Tatabánya

Logistics

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NIPÜF Group commenced the construction of a 10,000 sqm warehouse in its Tatabánya industrial park, according to a press release sent to the Budapest Business Journal.

The developer signed a lease agreement for one-third of the building, and the remaining space awaits prospective tenants. The facility is to be delivered in the first quarter of 2022.

In 2018 NIPÜF acquired 62.8 hectares in Tatabánya-Környe industrial park. Over the past two years NIPÜF sold 26 hectares of development land to multinational companies that have established manufacturing operations in the park.

The building currently under construction will offer approximately 10,000 sqm of lettable space, out of which 6,600 sqm are available from next March. The remaining area of Inpark Tatabánya industrial park can accommodate another 170,000 sqm of industrial space.

László Kiss, CEO of NIPÜF Group said, "Our deals reflect the dynamic growth of the county’s economy. We have recently concluded our third development land transaction in Tatabánya, which we now follow up with a lease agreement and an additional speculative development. By developing infrastructure and offering built-to-suit solutions wherever we acquire land, our primary goal is to encourage companies to move in. Building upon our market experience, we are launching this latest project with two-thirds of the logistics building yet to be leased."

György Szucsány, deputy CEO of NIPÜF Zrt. added, "The organic growth of the logistics sector has accelerated during the pandemic. Demand for state-of-the-art facilities is increasing especially due to the e-commerce boom. In addition to warehouses serving manufacturing plants, the interest for regional distribution and fulfillment centers is also picking up. The NIPÜF portfolio has a 100% occupancy rate, and we are certain that there are opportunities beyond pre-lease transactions. Our building in Tatabánya is being constructed in accordance with NIPÜF’s new standard technical specifications, with emphasis on sustainability and economical facility management. Inpark Tatabánya industrial park is located along the well-established Pan-European economic and commercial corridor, offering instantly available, flexible industrial property solutions for regional logistics and manufacturing companies."

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