Another tenant chooses WING’s East Gate Pro Business Park

by   CIJ News iDesk III
2024-01-22   12:23
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WING Industrial has concluded a major agreement with a leading regional parcel logistics operator at East Gate Pro Business Park. The business park, the latest phase of the popular East Gate project, is located at the junction of the M3 and M0 motorways. The third hall of East Gate PRO Park was completed last year, and now there is a long-term pre-lease agreement for the fourth hall, B2. The 9,000-square-meter building, a build-to-suit (BTS) development with a pre-lease agreement, is to be completed by the end of 2024.

WING Industrial has concluded a long-term agreement with the Hungarian subsidiary of a parcel logistics group operating in the CEE region to lease the fourth hall in East Gate Pro Business Park. The tenant has nearly 3,000 pick-up points in Hungary, and with this hall, built specifically to suit the parcel logistics services it provides, it will strengthen its position in the region. To suit the tenant’s needs, hall B2 will have a higher proportion of office space and larger manipulation and parking areas than standard warehouses, as well as dock and level gates for a cross docking function, and a heat pump system for heating and cooling. The new hall, which is being built by Weinberg ’93 Építő Kft. and will be fully compliant with our sustainability principles, is expected to be completed in Q4 2024.

“At WING, we strive to have a balanced portfolio with the right amount of BTS and speculative developments. We are committed to offering standard or immediately available expansion solutions and catering to unique needs. We are proud that we will soon welcome a new tenant to East Gate Pro Business Park – this will be a long-term partnership in a BTS arrangement. The development of halls with an additional area of 20,000 square meters is currently in the preparation stage at East Gate Pro Business Park, and three halls with a total area of nearly 30,000 square meters have already been completed. The development is a great addition to WING Industrial’s portfolio, and it will improve the industrial and logistics infrastructure of the North Pest region,” said Zsófia Korda, WING Zrt.’s Corporate Sales Relations and Business Development Chief Sales Officer (CSO).

East Gate PRO is the second phase of the popular East Gate Business Park project, offering modern and customisable warehousing solutions at the junction of the M0 and M3 motorways. The park’s high-tech buildings offer hall spaces suitable for production, assembly, fulfilment and warehousing, with high-quality office and service functions.

As a leading property development and investment group in the Central European region, WING places special emphasis on ESG criteria: the company has been focusing on sustainability with its major new projects for over 10 years, and it is committed to obtaining environmental certifications for all developments in its industrial portfolio in the medium term. Like the already completed halls, hall B2 is expected to obtain BREEAM Very Good sustainability certification.

Over the past 20 years, WING Industrial, WING’s industrial and logistics development business, has acquired unique expertise in customised warehousing solutions. Now it is a major operator on the Hungarian industrial and logistics property development market. WING Industrial’s high-tech buildings offer hall spaces suitable for production, assembly, fulfilment and warehousing, and are available with high-quality office and service functions on demand. The company currently has a total of 330,000 square meters of development potential in Budapest and the surrounding area, and it is known for projects like East Gate, East Gate PRO, Airport City Business Park and Login Business Park.