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. The 76 ha greenfield investment will include energy-efficient buildings that meet the BREEAM sustainability standard. The first facility is going to be completed next year. As part of Futureal Group, HelloParks aims to obtain a key position in the industrial development sector, as a first step in Hungary, later on in the whole CEE market.
HelloParks has acquired its first development plot in Fót, an ideal location for production and logistics companies, next to Budapest. The new member of Futureal, a leading real estate development and investment group in Europe, is building one of the largest industrial and logistics centers in the country on a 76 ha site near the junction of the M0 and M3 highway. The industrial and logistics property developer also offers commercial industrial lands with utilities and road connections, available from 1.5 ha.
In the first phase of the HelloParks Fót development project, a 45,000 sq m warehouse building will be handed over by Q3 2021.
On the land a total of 330,000 sq m of warehouse and industrial space can be realised. 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 sq m, while rental properties will be offered from 1,000 sq m in the next phase, in order to meet smaller tenants’ 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 sq m, 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 tenants’ 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 Group’s 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.”
HelloParks can build on Futureal Group’s decade-long property development and investment experience. Futureal is one of the leading real estate developers and investors in Central and Eastern Europe and is among the top 10 largest real estate developers in Europe. Since its foundation Futureal Group’s portfolio has included more than 180 real estate projects with a total value of over EUR 5 billion and an area of 3 million square meters.